5600 becomes psychologically more significant level in nifty .
Nifty as seen in last trading sessions is unable to sustain above 5600 range.There is a big resistance zone near 5590-5600.
Global markets cues are ufavourable for any upmove.We may see some upward movement in the morning becoz of short covering,
but nifty will definately move down .As per my point of view, One can take long position for a smaller target in the morning,but must exit within first 2 hours.
shorts at higher levels will be the right trading strategy for mondays session
Nifty resistance levels 5530-5550
Nifty support levels 5450-5400
stocks to watch
Uflex,bindal agro,jain irrigation
Get daily sure shot trading calls
call- +91-9990323428,9910664620
visit : http://www.tradetoprofit.in/
