Nifty Dec fut corrected nearly 50 pts. from high of 5198 of the day, to make a low of 5155.
Individually some constituent of Nifty is showing weakness on the daily charts, whereas some showing strenght. It is a little difficult to decide the trend for the coming session. However, banking stocks seem to be in a buy/accumulating mode.
I believe, on intraday basis, Nifty may test, 5136 below, 5161. However, upside it may test 5198-5224, above 5179. Upside seems more likely.
Happy Trading !!
Disclaimer: The said technical analysis is a perception based on various charting methods. Trades on my opinion are to be done solely at your own discretion.
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