Nifty Intraday Levels & Trading Strategy

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Today it was a good day in Indian Stock Market. Nifty opened on positive gap up note at 5,960.40 levels and showed good strength throughout the day. By the end of day nifty closed in red with gaining 53.60 points.

For Intraday Tomorrow some momentum strength can be seen, if Nifty trades above 6,010 levels. On an Intraady Basis trend deciding level is at 6,000. If Nifty shows strength to trade above 6,000 levels, then rally to 6,045-6,070-6,110 levels may be seen tomorrow, on the other side if Nifty does not manage to trade above 6,000 levels then selling pressure till 5,960-5,920 levels may also be seen.

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