On friday and also the whole of last week, Nifty went back into consolidation mode.
Pattern-wise, bulls still have the upperhand and a retest of 5225 levels should give a strong bounce for Nifty at this stage.
There has been a bull trap at 5268 levels and that should act as a resistance. A break above that level would push Nifty back to 5310 levels.
Resistance levels : 5268, 5279, 5310
Support levels : 5241, 5225, 5201
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