Nifty Levels For Next Week

Nifty today made the strong come back from the level close to 5300 & made the strong closing as well. Nifty looking strong from here onwards and the next crucial resistance for the nifty seems to be at the level of 5450. Closing above this higher level may lead the nifty till the level of 5500. I recommend that traders may initiate the longs in nifty future from here for the target of 5450 & if sustain it might ride to the level of 5500 in near term. In the downside the short term support base is seems to be at the levels of 5245 to 5250.