The Nifty did manage to reach the resistance of 5278 as predicted yesterday. However, for it to continue in its upward journey, it should not fall below 5250 and stay above 5261 for most part of the day with good volumes, the resistance above 5287 being at 5318 and then 5342. On the flip side, if it trades for longer period below 5250 then it will gradually drift downwards to 5190.
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