Nifty has broken its 5250-5330 range and What a move.Breakout moves takes everyone by surprise and when the whole world is bearish.
The most part of trading is applying your trading discipline and controlling your emotions.As a trader you should change your color as soon as market changes the Color.
Market is a Beast and if you fight with beast its you who will be hurted.
If this range of 5520-5600 is again not crossed market will fall again. 5610 is the real test of Bulls. Being an Expiry week and lot of Shorts in system if bulls are able to hold above 5454 for 2 days we can see a Bullish expiry above 5600 as short covering only will take market to higher levels
Levels to Watch
Trend Deciding Level:5518
Resistance:5555,5610 and 5662