Due to options activity in the August series Nifty failed go above 5500 and took a U turn from around 5450 levels. Up on breaching 5383 significant Fibonacci level in Nifty's long term trend, it turned weak and quickly gave away 100 points.
Only on sustained close above 5385 Nifty will resume its up trend.
Support Levels: 5250, 5190 and 5000
Resistance Levels: 5305, 5350 and 5385.
Only on sustained close above 5385 Nifty will resume its up trend.
Support Levels: 5250, 5190 and 5000
Resistance Levels: 5305, 5350 and 5385.
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