Intraday update:
Above is 10 minutes chart of NIFTY spot. Very cleary, it is missing major resistance of 5241. I am already highlighting the importance of 5241 from yesterday.
Turning shy from 5241 can turn as short signal any point. I am short from 5232 on NIFTY FUT with my small SL @ 5242.
Fall can be up to 5150 or 5135.
Contracting triangle can do wonder.
Hope at least you are not in long,
Have a good day,
Praveen Kumar
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