MCX is one stock that one can keep for much longer time. After recent run up. MCX was consolidating/correcting for a while. This correction seems to have ended. One can now turn bullish and buy MCX on dips with stoploss of 1350 on closing basis.
Trend line in NIFTY
There is mid term trend line in Nifty. It is since June 2012. Nifty can take support on this trend line at 5900 level. If this level is broken then correction up to 5400 can be expected.
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