Nifty Tips
Nifty today made the strong up moves and made the close near to the level of 5500. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the immediate intra day support for nifty future seems to be at the levels of 5440 to 5450. Decisive closing below this support zone may slip it till the lower levels of 5400, 5350 in near run. For trading we already recommend buy on dips for the targets of 5500, 5550. Those who like to initiate new long in nifty future they might do above 5500 for the target of 5600 with sl around 5460.
Sensex may face the next resistance close to the levels of 18310 to 18350. Decisive closing above this resistance zone may take up it till the levels of 18800 to 18850 in near run. In the downside the short term support seems to be at the levels of 17800 to 17850. Decisive closing may further decline it till the lower levels of 17400 in near run.
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