Yesterday markets scaled 5400 levels again and the data was pointing to a breakout to 5450 levels by mid-day, but then the move got suppressed.
Option data saw heavy accumulation both in near strike puts and calls pointing to a directionless move and swings during intraday.
How to trade?
Again it is better to trade the range with longs at support and short at resistance levels.
Resistance levels : 5420, 5442, 5462
Support levels : 5377, 5361, 5350
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