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One can go long here with stoploss of 5050 because we might go down to 4950-4900. But it is vital that one goes long here because if we take support here and go up then even the next leg down will terminate in this zone. targets are 5683  and 6211.

Moral message- CONCENTRATE ON GOING LONG ONLY DOWNSIDE ONLY 150-200 POINTS AVAILABLE UPSIDE 1000 POINTS AVAILABLE.