Nifty Long

NSE_EOD:NIFTY   Nifty 50 Index
25 0 1
The Nifty             is trading at the bottom of the uptrending channel that started in Feb 2014. Also, it is near to the 50EMA line. Given that the long term and medium term trend is still up and short term is down, if at all the reversal has to happen, it could be at this point. Stop-loss can be kept at 8170.
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