Nifty opened in positive today. There is a good support at 5050-5030 levels and a resistance at 5182, the previous high. So, now the range is 5030-5182 and a breakout from this range would determine the next move. Till then if Nifty stays above 5050 it might touch 5150-5180 levels. The momentum is showing a mixed picture signaling that some caution is required at higher levels. In this type of situation we may see some sideways movement and intra-day volatility.
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