The tipping point for the day is at 5814 with immediate resistance at 5824, 5834 and 5854.
On the flip side the immediate support is at 5789, 5765 and 5726. If it goes below 5726 then fresh shorts will be built into the system.
Our outlook for the day is of a little more upside, but in case Nifty trades above 5854 conclusively with good volumes, short term traders are advised to go for fresh longs.
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