After a fantastic day where in the Nifty Future gained 131 points, Nifty closed at 5763. On the charts I feel that the Nifty is going to face stiff resistance at 5793-5810 levels, which need to be watched very keenly. Would advise traders to use appropriate SL for their respective long positions. However as long as Nifty Future stays above 5537 there is no problem for the bulls.
Happy & Cautious Trading....
Regards,
Abhinay
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