It was a cheerful day for Indian Stock Market. Nifty showed excellent strength from 5,375 levels and made a long white morubozu candlestick pattern on daily charts, which shows bulls are in control at the moment. Rally till 5,550-5,625 range may be continuing on participation of large stocks in it.
For Intraday trading, trend deciding level is 5,520-5,530. If Nifty shows strength above this level, then rally to 5,550/5,625/5,700 levels may be seen. If Nifty does not show strength above 5,520-5,530 levels then profit booking till 5,475/5,430/5,400 may also be seen.
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