NIFTY is trading in a triangle which can break on either side if closes below 5220 one can take positional shorts as it shall give downside break and if closes above 5350 one can make long position while Monday can be trend decider day after the result of Reliance and Icici Bank so avoid trading in between. One can play intraday above 5290 with stoploss 5275 for tgt of 5315 – 5330 and short if it trades below 5275 with stoploss of 5295
NIFTY SPOT
LONG ABOVE 5285
Likely Trading Range 5280 – 5330
Imp Supp 5295
Imp Rest 5320
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