Today a gap up opening is expected, trading above 5372 can take NS to 5437

NF Daily Chart

Yesterday Nifty Spot closed at 5340 which was the DLEMA for yesterday. There is high possibility of a gap up opening and NS may open above 5372. If NS will hold 5372 hourly basis then possibility to catch today's JNSAR is very high and NS may touch 5437 also. This correction will be over then and NS may target 5608 within next few trading sessions. SL will be 5340 for this long trade.