Nifty had surpassed the target level of 5200. It has encountered some profit taking at higher levels, but still closed with gains. Tomorrow it will make an attempt on 5280, which is a very strong resistance. Market is likely to see a sell off around these levels. Hence one can go short around 5260-5280
However, in the case of an extreme bullish scenario, market may breach those 5280 levels with volumes. If this happens it will be aiming at 52 week highs and all round buying will happen.
Hence watch those indicators and trade with caution.
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