The Nifty broke the 5,200 level today. Nifty trend has decisively changed to the downside. According to our market research, the market is going down. We would suggest that traders should buy 5,200 puts and wait patiently. When a trading range breaks down, it usually works out in the direction of the break down. So, we are not upbeat now.

Nifty Levels For Monday are:
Resistance  :  5230  :  5280.
Support        :  5100  :  5040.

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