Today Nifty showed indecision in range 5,445-5,500, and finally closed below the short term support level of 5,440. On the daily charts and Nifty reports it is expected that volatility may continue with negative bias. Traders are suggested to trade carefully and be cautious. Decisive price action may be seen only above 5,600 or below 5,400 levels.
For Intraday trading tomorrow, the trend deciding level is at 5,450. If Nifty shows strength above this level, then rally to 5,500/5,525/5,550 levels may be seen. On the other side if Nifty fails to trade above 5450 levels then selling till 5,400/5,350 may also be seen.
Post a Comment