As per last week levels Nifty was not close below 5415 and come again into channel with strong bounce back from 30 EMA which happen 3rd time in last 2 months. After touching 30 EMA every time nifty had made new high so It may be possible this time also. So for long keep stoploss of 5420 closing basis for this week. upper side resistance is 5550.Above which new channel will open.
Levels :-- Trigger level 5438 R1/R2 5507-5558 S1/S2 5387-5318
Short term Idea:--
Buy Indiainfo 100 Tgt 103-106 Sl 97
Buy Jindalstl 652 Tgt 670-690 Sl 638
Buy Onmobile 310 Tgt 322-340 Sl 302
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