Nifty is at 5248. Technically the market has to cross 5230 for it to have a trading up move otherwise the market should be treated as down, the market traded positive for the day and has traded above the crucial 5230 mark and has closed above it. Technically we can now say that the market is up as long as 5200 holds.

The crucial support for the Nifty is at 5200 and the resistance is at 5283-5323.

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