Nifty made a high of 5198 low of 5142 and closed at 5168 which is 52 points down from previous close.
Nifty has closed at the break out level of 5170 which gives a mixed trend.
Until its holding of 5140 we can expect a move up to 5280 , breaking of 5140 will take the Nifty to 5070 .
As the hourly indicators are in oversold we can expect a up move today so one can initiate a buy around 5170 with stop loss of 5130 fot the target of 5210 and 5280.
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