Nifty continued its march on the upside with a huge green candle.Its just closed near the 5200 level.The level of 5184 is crossed intraday and the resistance looks at 5210. Sustaining above 5210 is the key for this run to continue. Above 5210 it has resistance at 5256. On charts the indicators look promising and should move to higher levels to confirm price action. Intraday players can look at the levels on spot nifty given below to trade on Tuesday.
No trade between 5182 and 5218(To avoid whipsaw)
Buy above 5218 sl of 5198
targets 5236-5254(add positions breakout on the upside)-
5272 -5290-5308-5326-5344.
Sell below 5182 sl of 5202
targets 5164-5146(add positions breakout on the downside)
5128-5110-5092-5074-5058.
Happy Trading !!!
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