Although Nifty is in a medium term uptrend, there seems to be some disturbing sign with a bearish dark cloud cover on weekly charts. That signs the pause of an upmove. On the downside 5820 is a very important level as below that there are very few support levels above 5500. One should be cautious on trading longs on Nifty futures however this move might give juicy entries into charts which are in medium term uptrend. Nifty SL - 5820 for positional holders.
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