Nifty: Resistance 5295/5315/5333-5342-5353
Support 5275/5249/5222/5207/5172
Nifty, on friday, remain within our given levels & exactly bounced from our support zone ( our support was pegged @ 5249 ). Nifty may open gap up with 30-40 pts, inline with Asian Market.We still maintain the view that upside is seemed to be limited, so exiting leverage long positions on higher range is advised, till next break out. Intraday stiff resistance @ 5333-5353 range.... crossover & close above this range , we may see further rally. On lower side, 5249 is a still good support for bulls on Intraday basis, if broken & sustained , a dip to 5207 range not ruled out, which is a major support area for market .
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