For past three consecutive days Nifty is showing bearish sentiments. It still facing a strong resistance level at 5500 and 5360 may be the next support level for Nifty. As per Bollinger Band volatility could be seen high in coming trading sessions as Nifty is trading near lower band.
For intraday trading tomorrow, the trend deciding level is at 5,450. If Nifty shows strength above 5,450 levels, then rally to 5,500/5,530/5,565 levels may be seen. On the other hand if Nifty does not show strength above 5,450 levels then selling pressure till 5,400/5,360/5,320 may also be seen.
For intraday trading tomorrow, the trend deciding level is at 5,450. If Nifty shows strength above 5,450 levels, then rally to 5,500/5,530/5,565 levels may be seen. On the other hand if Nifty does not show strength above 5,450 levels then selling pressure till 5,400/5,360/5,320 may also be seen.
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