Nifty Future weekly chart shown above
Nifty hasn't moved across the trendline. It is trading at present two trendlines. Immediate Support 5085
Nifty future daily chart shown above
We are seeing the same thing on daily charts too, Nifty sandwitched btw same trendlines. On daily charts, nifty is at upper bollinger band.
Risk lovers can short market on break of 5080 on nifty future levels for targets of 5020.
Other can short on break of 5020 only.
Long side trade only above 5205
Trade cautionly.
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