Nifty moving in a predictable uptrend with another gap up today and consolidating at the 5330 levels on spot prices to close at 5362. VWAP @ close is 5369.
1) Intra day longs only above 5380 for target of 5415-5445-5490. Reversal level will be below developing support level of 5325 confirmed with break of 5310 levels.
2) Below 5310, Nifty will be weak and slide to 5270-5225-5175 levels. Happy trading :)
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