Nifty had given very sharp bounce back from 30EMA in last week now trading above 13 EMA.
So now nifty is moving as per his bullish trend.now channel support is 5417 and resistance is 5521.
Now very crucial level 5370 if it brake then sharp down move can be possible. so for long position put strict SL of 5370.
Levels :-- Trigger level 5427 R1/R2 5506-5566 S1/S2 5367-5287
Short term Idea:--
Buy Mphasis 620 Tgt 636-645 Sl 608
Buy ICSA 133 Tgt 139-147 Sl 129
Buy 3iinf 66.5 Tgt 69.5-72 Sl 64.5
Last week performance
Buy Tata chem 337 Tgt 344-351 Sl 330 (Both tgt achived )
Buy aban 869 Tgt 900-925 Sl 851 (Both tgt achived )
Buy unitedphos 184 Tgt 190-99 Sl 178 (1st tgt achived )
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