Nifty made a low of 5135 high of 5194 and closed at 5178 which is 15 points down from preious close.
Nifty came below 200 DMA in the intraday but some how managed to close above it at the end. But still Nifty is in weak phase only.
5230 will be the resistance and 5170 will be the support on breaking this Nifty can go up to 5060.
As today is the first day of this month contract in one or two days the trend will get decided.
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