Markets showed a considerable selling pressure today and broke the support level of 5,455. However, it still managed to close above its next support level of 5,420. If Nifty holds the immediate support of 5,475-5,440, some recovery may be seen upto 5,500-5,530 levels.
For intraday trading tomorrow, the trend deciding level is at 5,475. If Nifty shows strength above 5,475 levels, then rally to 5,530/5,565/5,600 levels may be seen. On the downside if Nifty fails to show strength above 5,475 levels then selling pressure till 5,420/5,400/5,350 may also be seen.
For intraday trading tomorrow, the trend deciding level is at 5,475. If Nifty shows strength above 5,475 levels, then rally to 5,530/5,565/5,600 levels may be seen. On the downside if Nifty fails to show strength above 5,475 levels then selling pressure till 5,420/5,400/5,350 may also be seen.
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