Nifty is moving in a very narrow range triggering stoploss on both the sides due to the rangebound trading range now as shown with the red lines are the breakouts and if nifty breaches 5360 levels decisively then market can test the lower range of 5330 - 5300 and a close below which can test to the swing low levels so try to remain light till the range in not breached as it shall not give chance to exit also due to huge gap up or gap down nature of the markets.
For tomorrow if nifty shall be weak below 5379 for downward target of 5350 - 5332 - 5302 with sl of 5390 with the target 5420 - 5438 - 5467
the trend still remain up but no fresh buying is advised at this level let it give either side breakout or stay out of the market also though dow was down on friday 260 pts even though our mkts did not react aslo there is no follow up buying above 5400 but instead there is supply near 5420 levels and buying below 5380 levels so watch for either side range.
where r u sir these days not updating i hope everything is all right
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