It was a cheerful week for the Indian Stock Markets. Nifty and Sensex both were up 4.5%. By looking at Nifty daily charts and reports it is expected that market may open flat and remain positive on Monday.
For intraday trading, trend deciding level is at 5,550. If Nifty manages to trade above this level, then rally to 5,580/5,625/5,650 levels may be seen. On the downside if Nifty does not show strength above these levels then selling till 5,502/5,470/5,440 may also be seen.
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