Nifty witnessed some good recovery from lower levels and traded above 5,250 level throughout the trading session. However, short term resistance is at 5,300-5,330. Till Nifty closes above this resistance level, selling pressure may be seen from higher levels.
For intraday trading tomorrow, trend deciding level is at 5300. If Nifty shows strength above 5,300 levels, then rally to 5,350-5,400 may be seen. If Nifty does not show strength above 5,330 levels then selling pressure till 5,240-5,200-5,150 may also be seen.
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