Nifty looks to have taken support at the trendline shown in the chart and bounced from the lows to close above 5550 level . For trading on Monday the resistance are 5576-5602-5623 and supports are 5526-5500 . One can go long if Nifty sustains above 5602 and add more above 5623 level. If Nifty doesnt manage to breach 5576 then one can short with 10 point stop for quick gains.
Happy trading :)
