Nifty Future Tips- Market Trend for 22nd June

Nifty future today continued the upward rally and made the short term resistance breakout in charts. In the end it made the strong closing above the breakouts. Now in Nifty future we might expect the strong upside rally from here. The next key hurdle for the market is seems to be around 5400 level. Closing above this hurdle could take up the Nifty future till the higher level of 5550 in near term. As we had already recommended in our previous post that one should initiate the longs in nifty future above 5250. Now the traders could book some profit here because market may face some resistance close to 5400 level. Those who like to initiate the new longs in Nifty could do above the resistance of 5400.

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