Nifty (spot) strong above 5685
Nifty (spot) weak below 5655
Nifty (spot) Support 5625/5595
Nifty (spot) Resistance 5715/5775
On Friday, Nifty reacted negatively at 5750 and declined back below 5700. If it continues to trade below 5651 for some time with volume, it will become more weak. Now 5610 is to be watched carefully, and breach of this 5610 may take nifty to 5565-5550. However, above 5750 will give real break out and give strength to rise.
Orchid chemicals and GE Shipping - Bearish
Ranbaxy and Siement - Bullish
Trade the following scrips on the break of either side with strict stop loss
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