The end of june series came on a neutral note and bulls were able to give the final push to move markets back above 5300 levels and close it above that.
New series has begun and accumulation is already seen in 5200 puts as well as 5500 calls setting the range initially.
Pattern-wise, a move till 5462 is on the cards in the intermediate term and that depends on Nifty holding 5200 levels. The key levels remain the same.
How to trade?
The might be consolidation around between 5268 and 5365 levels and it is better to wait for a while for a trend to emerge before initiating any trade
Resistance levels : 5333, 5354, 5365
Support levels : 5302, 5285, 5268
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