Nifty is on 5228. Now 5300 has become a strong support and next logical target is 5398-5421. The market opened flat and tried climbing towards 5398 but selling came in after it breached our crucial support of 5300 in the later part of the trading session and the market closed in the red negating the two day up move but interestingly achieved our earlier downside target of 5210 and that is a big worry as well because when the targets get achieved the chances of a turnaround increases. If the Market will turn around here but the potential exists and if the weakness continues then the next logical target in the days to come would be 5170-5080
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