Nifty made a high of 5344 low of 5265 and closed at 5280 which is 79 points down from previous close.
Nifty came down below 5300 in the opening itself. Now 5300-5330 area will be acting as a resistance and in the down side 5260 will be acting as support .
For some days market is expected to consolidate in a tight range.
On breaking of 5260 will take the Nifty to 5170.
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