After a huge gain nifty not able to sustain above 5200 and closes at the days low but unless it is above 5120 levels short term trend can reverse also with the help of globle cues also tomorrow being IIP data which has to be watch closely at 11.00 am nifty faces resistance above 5175 levels and there was no buying seen there is increase in openinterest in june series while unwinding seen in may series also option data has 5200 and 5300 ce while 5100 pe were the most active with suggests upside where resistance at 5200 and 5300 levels while strong support at 5100 lets us see how things pan out tomorrow after IIP data
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