Well in my last discussion I gave the resistance level till 5168 as 5170 is the most crucial resistance level for Nifty and in the recent time on 2 occasion it went near to it and corrected once so far, might correct again.
For Nifty 5170-5220 is the most important resistance zone and as long it doesn't close above 5220 we may not see further upside. Once it closes above 5220 then 5170 will become its immediate strong support zone and we can play on the upside keeping 5170 as the last good support in mind. Though above 4940/4960 we gave the upper target for Nifty till 5168 exclusively to our registered clients.
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