Currently the Nifty is trading between two Trendlines. One is providing support (5232) and other resistance (5524). Both Trendlines are part of a Symmetrical triangle set-up. Market is waiting for the Nifty to provide the required breakout. A Symmetrical triangle is a Continuation pattern and hence the natural tendency, in this case, will be to give a Bearish downside breakout. But we will wait for the actual breakout to occur and take it from there.
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