Nifty made a high of 5228 low of 5140 and closed at 5148 which is 20 points down from previous close.
Nifty opened gap went up to 5228 and slowly gave all its gain it crossed the support of 5170 and stopped at 5140.
5140 will be providing good support until its not broken we can expect a pullback which will take the nifty up to 5270.
on the other side if it broke 5140 then in can take the Nifty towards 5050 and further.
Traders can use the higher levels for shorting until 5400 is not broken the down side is open.
So every rise can be used for shorting.
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