Nifty continues to trade in a bearish to sideways trend. Global developments are playing a pivotal role in sentiment preparation of Markets. Nifty witnessed selling pressure from resistance near 5200 levels and finally closed in red. Nifty has been trading in 5,200-5,120 range for last two trading days. Buying interest may be seen of Nifty manages to trade above 5200 levels decisively on the down side, if Nifty declines below 5120 levels then selling pressure may resume.
For Intraday trading tomorrow, the trend deciding level is 5150. If Nifty shows strength above 5150 levels, then rally to 5,180-5,200-5,250 levels may be seen. If Nifty trades below 5,120 levels then selling pressure till 5,090-5,055-5000 may also be seen.
For Intraday trading tomorrow, the trend deciding level is 5150. If Nifty shows strength above 5150 levels, then rally to 5,180-5,200-5,250 levels may be seen. If Nifty trades below 5,120 levels then selling pressure till 5,090-5,055-5000 may also be seen.
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