Markets Outlook For Tomorrow 21-Jan

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Market is expected to take cues from the global markets and likely to open on a flat to positive note tomorrow. Traders are suggested to long Nifty if it holds above the level of 5730 with placing strict stoploss at 5692 for targets of Rs 5755-5780 levels. Alternatively trade short if Nifty fails to trade above this levels.

For Intraday tomorrow, the trend deciding level is at 5,700-5,730. If Nifty shows strength above 5,730 level, then rally to 5,755/5,800/5,850 levels may be seen. If Nifty does not show strength above 5,700 levels then selling pressure till 5670-5650 levels may also be seen.

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