Nifty - As predicted yesterday we may have an immediate top in place (shown by ovals in above spot chart)
Nifty started drifting down steadily. One can start looking for some shorts on today bounce if it comes around 5220/5230 levels.
Below 5150 levels on nifty future, we may be looking for 5000 or 4980 levels.
Preferrably let the market decide the trend and then trade accordingly as money saved is money made in market.
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