Yesterday Nifty moved above the first resistance point 5124 and made pivotal for the day while touching and hovering around the next resistance @ 5144. It's still looking bullish and up-trending though some serious resistances are nearing.
Supports: Immediate support is @ 5120, below that it can be weak for the session for 5099-5070/68. Below 5068 shorts can be taken positionally for a target around 5000-4980/72.
Resistances: The current scenario is making this resistances points easy to obtain but tougher to trade with, above 5152, 5165-72 will be on the cards, but with 5217/30 longer term resistances taking into account. So going for intra longs as long supports are holding and accumulating puts in between 5215-5300 can be better idea (positional view).
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