Nifty is expected to open down in line with global cues. Intraday traders should look to go long only above previous day's high or above 3500. Those still holding long positions may take an aggresive stoploss of 3440. Shorting above 3400 can be highly risky.
Nifty resistance at 3496-3520-3560. Support at 3475-3440-3390.
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