Nifty: Resistance 5315/5333/5355/5389
Support 5271/5251/5234/5220-5210/5171
Nifty went on to touched seven month low of 5300 zone in second part after trading in range after trading sideways in initial trading hour. For today, nifty may open -ve in line with Asian market. Immediate support @ 5271, for any immediate upside, now Nifty has to manage to cross & sustain above 5355. Overall, nifty is still in downtrend & lower level "dead cat" bounceback possible if Nifty holds 5234, but use jumps to exit leverage longs [if any].
Trade with momentum & levels mentioned.
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