- Nifty Futures is trading near 50% retrace level of its high(5541) to yesterday's low(5354).
- So this range of 5430 - 5450 is filled with resistances. There is a trend line resistance too which had acted as resistance in the past.
- So this is in that in between kind of area were things are not clear. My preference is to go short, but it is best to stay away till things are clear.
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