Markets started the week with gap down opening and traded with negative bias though Inflation data eased in June as compared to previous month. Nifty future found resistance around 5250 and could not hold on higher levels and then dropped towards the support of 5200. If it maintains below 5200 then nifty will move in the support range of 5160-5120. On higher side, 5250 is seen as strong resistance for the intraday session above which next resistance is seen around 5300.
Market Technical View-17 July
Linear Mode
