Do not expect much from this range bound market. Nifty may define its direction beyond 5148 and 5961 on daily closing basis. As per aligator trading system, Now Nifty is in sleeping mode. Beyond the above range Nifty may pickup its speed on either way. Therefore medium term investors should remain cautious within this range. Entry may be taken above 5060 and should exit if Nifty unable to stay above 5148.
Best of luck.
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