Nifty is forming an “Inverted H&D” pattern in intraday with its neckline at around 5320 levels holding over which Nifty once again is expected to test 5385 & 5420 levels.
Nifty continues to trade within the broad range of 5140-5450 levels and positionally Nifty holding above 5140 & 5070 the bias remains positive with expected fresh higher levels in days to come.
Nifty weekly trading levels are 5203/5114/5045 & 5361/5430/5520 on lower and higher end respectively. :thumb:
intraday Nifty Future will find support at 5260/5218 levels while its resistance will be at around 5349/5395 levels respectively.