On the daily chart, we are observing a positive trend for next trading sessions. This suggests further upside may be seen tomorrow. On the upside, indices are likely to test 18,600 - 18,660 / 5,600 - 5,620 levels in coming trading sessions. On the downside, 18,266 - 18,217 / 5,490 - 5,460 levels may act support for the day.
Trading Strategy For Tomorrow :
Traders are advised to trade long in Nifty from 5,540 levels for targets of 5,570 and 6,000 levels with a stop loss placed below 5,480 levels. Traders holding on to long position in Nifty (Future) should maintain stop loss of 5,510.
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