Positive day with a gapup opening as indicated by yesterday's outside day pattern. The 5195-5217-5230
area will be stiff resistance where the Nifty has a cluster of resistances. If crossed the Nifty could target 5294.
Half Hourly Chart
The half hourly chart shows a consolidation within a flag from which Nifty broke out to set a target of 5344.Refer chart posted today on discussion forum http://www.vipreetsafetrading.com/forum/viewtopic.php?f=7&t=754&start=0
Resistance at 5154-5195-5230 Support at 5104-5075-5050
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