As said before, yesterday NIFTY reached to its 1st target (5205) of the 'Cup pattern' and closed below the level. The next target is on 5350. But, Selling pressure likely to rise in the interim. This may lead Nifty to 5137 and 5124.
Today if Nifty holds above 5205, will find Resistance at 5220 to 5227, 5238, 5250. and below 5183
Supports at 5170, 5151, 5142, 5137, 5126.
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