Nifty Outlook For Tomorrow 17-Feb

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It was another volatile session for second continuous day in Indian Stock Markets. Nifty is trading in 100 points range for two consecutive days. Volatility may be continuing within the range of 5,400-5,500 levels. Decisive price action may be seen above 5,500 or below 5,400 levels.

For intraday tomorrow, trend deciding level is at 5,480-5,500. If Nifty shows strength above 5,500 level, then rally to 5,540/5,625 levels may be seen. If Nifty does not show strength above 5,480 levels then selling till 5,450/5,400/5,350may also be seen.

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