Short Term NIFTY Technical Analysis

As long as Nifty stays above 5150-5200 zone it remains in short term uptrend with 5400 and 5500 as short term targets. How ever resistance at 5400 seems to be stiff and important one to decide NIFTY's uptrend continuation! A sustained break below 5140 can bring down NIFTY quickly to 5050 and 4900.
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