Nifty has opened around 5340 and made an intraday low 5317 and closed near this level at 5326 on Monday. Nifty 5400 strike rate call has been short sold by the traders and while traders are comfortable above 5300 level. Nifty 5300 strike rate put has the huge short positions, made by big traders. Hourly chart of Nifty shows a support level around 5250. U.S. and European markets sank again due to European debit crises. Asian markets also following the Wall Street and trading lower. Singapore Nifty is trading near 5300 level. Nifty may positional buy near 5250 level with the stop-loss of 5180 level for the target of 5415.
