It was earlier mentioned in our post dated 3rd March that Nifty could test 5180 in coming trading sessions. Now, we are close to our short term upside target of 5180. If Nifty fails to sustain above 5180, then it is likely to see a correction from these levels to 5000 levels.
Positional traders can book profit and initiate shorts if it fails to move above 5180.
