Nifty: Resistance 5415-20/5440-5455/5495
Support 5385-5377/5353/5333/5315
Nifty gave strong break above 5400 & closed above resistance zone of 5415. Nifty may open marginally gap up & may stay in +ve range for initial trading period. Intraday nifty may now touch 5440-5455 range. Technically Nifty gave bullish breakout, but we still advise for booking at higher levels & stay on cash. On downside, nifty has strong support @ 5385-5377, Intraday traders may keep this range as SL for there intraday longs.
Positional risky traders may try shorting at higher resistance levels ( SL @ 5525 ) for August series or buy 5300/5200 Pe.
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