Nifty witnessed a volatile session today and closed on flat note with making plus sign. Nifty made harami candlestick pattern on daily charts, which shows that Bulls are trying to enter from lower levels. On downside, Nifty has support in 5,180-5,150 zone. If Nifty continues to hold this zone then recovery may be seen else selling pressure may be continuing.
For intraday trading tomorrow, trend deciding level is at 5,230. If Nifty shows strength above 5,230 levels, then rally to 5,265/5,300/5,350 may be seen. If Nifty does not show strength above 5,230 levels then selling pressure till 5,180-5,150/5,100/5,050 may also be seen.
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