Nifty Future

We are in-front of some good resistance 5580-5620 zone and overbought market in short term.

Target 4                                5620 (78% retracement of last larget fall)
 Target 3                               5601 (VAH,  Month)
 Target 2                               5598 (VAL, Prev. Week)
Target 1                                5588/90(Old POC line)
Strong above /Buy above    5545 (VAH, day) or holding 5530 (initially)

Exit in the zone 5585-5620 and buy in 60-100 points dips from this area again positionally. One may also continue to just hold positions as well.


Weak below / Sell below 5545 (VAH, Day) 
Target1   5530 
Target2  5483-5514 (various supports)

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Nifty Spot

Nifty spot should be resisted between 5576 - 5625 strong, so selling in this zone and buying  after 60-100 points dips positionally likely to be a good strategy. 5488-5506 is good support for spot. One may also continue to just hold positions as well