Nifty Outlook and Trading Strategy For Tomorrow 18-Oct

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Choppy trend was in Indian Stock Markets Today. The market will take cues from the global markets and is expected to open on a flat to positive note tomorrow. The result announcement of key heavyweights in the following week may also affect in coming trading sessions . Global news flow too will have a significant impact on market trend. For Nifty tomorrow good support exists at 5050 level, on upside level of 5,170-5200 may act as a strong resistance. Traders and investors are recommended to long above 5,100 else from 5,110, with a stop loss placed at 5,070, for targets of 5,150-5,170.

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