Challenges ahead! Avoid shorting so long as Nifty is above 18,600

The markets are set to see a stable start to the week. From the technical perspective, the behavior of Nifty vis-à-vis the levels of 18604 would be extremely crucial to watch. This is the point from where the index tried staging a breakout; it would be crucially important for the index to stay above this point to keep the breakout valid and in force.

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