5200 could not be breached. The market is in a short term downtrend till we trade below 5200. The eventual targets can be 5000-4900 (worst case). The volatility has increased and its better to not take extreme short term trades. The stops tend to get hit very often in such volatile periods.
Wait on the sidelines and buy in a staggered manner at 5000-4900 range.
Regards,
Rahul T.
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