If you look at the chart attached, nifty closed below the resistence trendline, however with the good news from the Govt. over the weekend, we will open gap up.
Now nifty may open around 3120, but if comes down and trades below 3080, may turn weak for intraday.
a closing below 3080 will be bad for the bullish trend.
if closes above 3080, may see 3200 as the next tgt...so for intraday, keep a watch on 3080 if sustains, play long, else short with day's high as SL
(60 min intraday chart attached, All Future Levels)
