Daily Chart
The Nifty has shifted the range a little on the downside to 5206 and range trading will be difficult. The uptrending channel has been broken on the downside projecting more weakness than strength.
Resistances are at 5280-5298-5319. Supports at 5206-5150-5069.
Stops for longs could be placed at 5150 as the area of 5167-5150 should be strong support.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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