Overall market sentiment is looking positive as Nifty trading in range of 5,400-5,500 for last two trading sessions. Today Nifty broke the 5,500 resistance level and closed on a strong note. The strength shown by the markets today is expected to take them towards the 200 DMA of 5,632.
For intraday trading tomorrow, the trend deciding level is at 5,550. If Nifty shows strength above 5,550 level, then rally to 5,575/5,625 levels may be seen. If Nifty does not show strength above this levels then selling till 5,500/5,475 may also be seen.
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