Nifty Technicals - 23rd July

Nifty struck in a downward channel (Intraday) with 5150 support. A sustained break above 5210 can only save Nifty from testing its 5150, 5050 and  4900 support levels. Any gap-up opening near 5210 can be used as short opportunity with 5210 SL. A sustained break above 5210 is long opportunity with target at 5300 and Stop Loss at 5140
                                                           Click on image to enlarge