Support 5210/5190/5160/5131
Nifty opened & remained weak through out day lead by Banks & Metals stocks. Nifty extended its loss & hit fresh intra lows in noon session. Nifty now has reached crucial trend decider support zone of 5210-5190 zone. Break below this zone, Nifty may see more vicious cut in coming days. Nifty needs to cross & sustain above 5255-5275 to show some fresh upmoves towards 5350-5400 zone. On lower side, 5190 holds the key to coming days. Close & sustain blw it Nifty gets more weak. Intraday we may see some marginal gap down opening with 15-20 pts inline with Asian market. Nifty may see some range bound session in 5190-5250 zone. Either side break may decide further moves.
Trade with levels.
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