Nifty to hit the channel resistance on upside at 5212 levels and a breakout of the channel shall give further bulishness
Most active CE 5200 and PE 5100
FII net buyer in cash segment while DII net seller
For tomorrow nifty shall remain bullish unless above 5170 with upward targets of 5200 – 5251 – 5301 with stoploss of 5151 below which nifty shall become weak with downward targets of 5100 – 5070 – 5019
Also hourly charts are overbought and there could be selling pressure at channel resistance above 5220
Positional shorts below 4925 only until then try to buy near stop loss or play intraday levels. Nifty swing shall change if close below 4960 WHICH IS MARKED BY PINK LINE for two days till then swing is Up
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