NIFTY SPOT: EXPECTEDLY STUCK AT 5300/45 RANGE... NOW IF FAILS TO BREACH IT, THEN ONE CAN EXPECT SOME PROFIT TAKING....

***NOTE: 5345 mark can move to 5370/75 if sideways flattish action continues for 1 or 2 days

IF one sees nifty spot failing to breach mentioned zone, then he can try 5100 PUT with SL abv 5345 or 5375 (depends on resisted sideways action on time frame). max risk Rs.1500 per lot (for expiry players)....can be reduced to Rs.500/750 if one follows the SL with given levels.

**overall we are still in bullish zone until rising channel in intact. Nifty to move in channel until change in degree (for current uptrend) or breakdown on channel happens on the card.