Nifty and BNF had gapup opening and consolidated around 18100 for some time and then moved up on buying support . No FNO stock has given breakout indicating that index is being managed . Bulls have gone long at lower levels and would like to close the weekly expiry in positive . Nifty has made a trend reversal and has come out of the range . Nifty may test 18265 levels before any retrenchment . One can go short if Nifty tests 18300 levels . BNF may continue its upward journey and can test 42600 levels . Have a good trading day . Happy swing trading
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