Nifty: Resistance 5275/5294-5303/5333
Support 5252/5222/5203/5194
Despite of weak global cues, Nifty took support at lower levels & bounced back sharply to outperform other Asian Indices & closed in +ve zone. Market may start off the day flat/-ve in line with Asian market. Intraday Nifty is expected to trade in broad range of 5222-5275. If 5275 is breached on upside with volumes, then Nifty may try to touch 5303-5333 on higher side. Closing below 5250, traders are advised to hedge there long/leverage positions.
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