Nifty (spot) strong above 5735
Nifty (spot) weak below 5690
Nifty (spot) Support 5660/5595
Nifty (spot) Resistance 5765/5805
Nifty was locked in the range of 5610 -5680 during last few days, but gave bullish breakout above 5680 with volume and set targets of 5750/5775 in near term. Nifty. Though it can decline from the current levels to 5690-5700, but bullish targets remain intact. Nifty will turn highly bullish if it manages to close above 5775 for two consecutive days with high volumes. On the other bearish side, Nifty may take a pause between 5650-5750 before trying for another up move.
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