Market has been making higher highs and the RSI and MACD are not. A sign of caution. After such a steep rise a small correction cannot be ruled out. Moreover it is required if we have to go up further from here.
This is not the time to trade if you are not strict with your stoplosses.
The immediate supports are placed at 5180-5200 and markets should not close below these levels.
Have a great trading day,
Regards,
Rahul T.
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