Nifty has closed below 20 day ema at 5369 and 5 day ema at 5397. Nifty will face resistance around 5400 on the upmove and then around 5435. Positional shorts can be taken on the upmove with SL 5475.This week Nifty could face support around 4300. Weekly Nifty close below 4300 is a negative sign in the short term and Nifty has to close above 4425 this week to continue bullishness.
NIFTY SPOT 5367.6
SENSEX SPOT 17868.29
Buy Above/SL 5403/17962
Target 5431/18030
SAR/Sell Below 5383/18022
Target 5349-5334/17825 -17790
Sell Below/SL 5331/17775
Target 5303/17705
SAR/Buy Above 5350/17825
Target 5383-5399/17908-17945
SENSEX SPOT 17868.29
Buy Above/SL 5403/17962
Target 5431/18030
SAR/Sell Below 5383/18022
Target 5349-5334/17825 -17790
Sell Below/SL 5331/17775
Target 5303/17705
SAR/Buy Above 5350/17825
Target 5383-5399/17908-17945
