Nifty for Tomorrow (Nifty Trend for Wednesday, 23rd March)

[rohans305]

Get Free Stocks & Commodity Calls
Nifty opened on positive note at 5,390.85 levels and after making initial low at 5,376.15 levels, Nifty showed good strength and made high at 5428.15 level. Some profit booking was seen from here. But Nifty closed in green at 5413.85 levels with 49.10 points gain.
Nifty showed good strength and closed above 5,400 levels with positive market breadth. If Nifty maintains above 5,400 levels then buying interest till 5,500-5,550 may be seen in coming trading days, else profit booking may be seen.
For daily purpose, the trend deciding level is at 5,400. If Nifty shows strength above 5,400 level, then rally to 5,460/5,500//5,550 levels may be seen. If Nifty does not show strength above 5,400 levels selling pressure till 5,340/5,300/5,260 may also be seen.