While commenting on Nifty Outlook for next we see technically the level of 5,375 will act as a major hurdle for the Nifty. On the lower side 5,150-5,180 will act as a major support for the market and dismissal of the 5,150 may result into quick sell off to 5,010 minimum and maximum to 4,950 levels. Closing above the level of 5,375 can take index to the level of 5,550-5,600. Investors can certainly look for index stocks to buy around 5,200 levels.
For Nifty Intraday Outlook on Monday 26-March, trend deciding level is placed at 5275. If Nifty manages to trade above this level then rally to 5330-5375 can be seen. On the downside if Nifty doesn't show strength to trade above 5275 level then selling pressure can be seen till 5200 level.
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