As predicted in our last posts, Nifty did exhibit a breakout in an optimistic way.
The tipping point for today is at 5926 with the next resistance at 5972. On the flip side if Nifty slides below 5926 then the supports are at 5912, 5895 and 5856.
Our outlook is that the market may consolidate with a positive bias before another spike up towards scaling a new high.
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