By looking on the daily Nifty Charts, momentum oscillators are showing signs of weakness. Nifty has entered into correction mode and we expect Nifty to see correction in the range of 5,200-5,300 where it has very strong support.
Going forward, 5,660 remains a crucial resistance for Nifty and on the downside, 5,365 remains an immediate support. We recommend Sell for a range of 5,350-5,380.
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