Technical View: Cash Market

Nifty showed good strength and closed marginally above crucial resistance at 5100 levels. Bulls are bears
are having some indecision at current levels. If Nifty manages to decisively trade above 5110 levels then
higher prices above 5200 may be seen. On The other hand, If Nifty does not hold 5100 levels then short
term down trend may resume and selling pressure may be seen.
For Daily Purpose, Trend deciding level is 5110. If Nifty shows strength above 5110 levels, then rally to 5160/5200
levels may be seen. If Nifty does not show strength above 5025 level then selling pressure till 5060/5020/4990
levels may also be seen.

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