Nifty is trading in a very narrow range and nothing has change still until nifty trades and holds above 5400 mark long should be added and below 5400 mark short should be added
but still positional shorts are advised below 5350 mark only which shall be swing low
Dii are continous seller in this market since last week while fii are buyers
5400 PE and 5500 CE are most active
if nifty is not able to give close above 5480 levels fresh long for positional trade should be avoided while as the trend remains up intraday long should be made on dip
At present 5490 is resistance and 5350 is support so we have range of about 140 points in which nifty has been playing for last two weeks so again wait for breach of either side levels for positional
for monday
if nifty traders above 5456 levels longs should be made for target of 5481 - 5496 - 5522 with the stoploss of 5446 and reverse position below 5446 for downward target of 5421 - 5406 - 5381
also still the positional swing remains up for target of 5530