We saw today the market playing between 5120 and has tested the Resistance level 5185 shown in Yellow in the above figure. We may see selling pressure coming for NIFTY around 5185 i.e. resistance level but if we can see the market closing above it we may see that level as a support and expect upward movement from there. If the 5185 level confirms we can expect Nifty to reach 5350 level as we don`t see any resistance till that level.
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