Nifty made a high of 5399 low of 5322 and closed at 5360 which is 158 points up from previous close.
Nifty comes to the crucial resistance level of 5400 where the long term trendline resistance is and 200 dma is there , the trend will turns to bullish only if there is a firm close above 5450 and it has to maintain for a week or else the downfall will be sharper than the previous time.
As of now one can short Nifty at 5400-5420 with stop loss of 5460 for the target of 5330 and 5230.
or else one can short below 5330 with stop loss of 5360 for the target of 5230.
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