Nifty gave an upmove yesterday right from the start and also closed higher. There has also been an intraday move to trap the bears around 5225 levels.
Given this scenario, the expected momentum move is likely to happen and push Nifty to 5295 levels and even beyond.
The overall historical volatility has been ruling very low and it is high time that Nifty can break out of the range high and go for a momemtum run.
Resistance levels : 5252, 5265, 5295
Support levels : 5225, 5202, 5185
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