Nifty witnessed a volatile session and closed in red with moderate loss. Nifty has been showing volatility for the last two consecutive days. Buying interest may be seen above 5,270 levels. On downside, Nifty may find support in 5,190-5,150 zone. Traders may take delivery based positions in good stocks with stoploss levels.
For intraday trading tomorrow, trend deciding level is at 5,225. If Nifty shows strength above 5,225 levels, then rally to 5,270/5,300/5,350/5,400 may be seen. If Nifty does not show strength above 5,225 levels then selling pressure till 5,190/5,150/5,100 may also be seen.
Ref - Nifty Expert Views
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