NIFTY NOW TRADING NEAR THE RESISTANCE ZONE. POSSIBLE INTRADAY SUPPORTS ARE NOW AT 5800 AND 5780. BELOW 5780, NIFTY MAY TOUCH 5750. AS INDICATED IN YESTERDAY'S TRADING IDEA, A SMALL BOUNCE BACK MAY BE SEEN IN THIS WEEK. HOWEVER, 5820/5850 ARE RESITANCES. ABOVE 5850, WE MAY INITIATE LONG POSITION. HOWEVER, LITTLE CHANCES ARE THERE FOR NIFTY TO SUSTAIN 5850 LEVEL.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
