Nifty for Friday (11th March)

[rohans305]

Today Nifty again showed volatile session in small range. Nifty is still trading in 5,440-5,550 range. Until Nifty decisively cross above 5,550 levels or decline below 5,440 levels, Volatility may be seen. Momentum strength may be seen above 5,550 or below 5,440 levels. For daily purpose, trend deciding level is at 5,490. If Nifty shows strength above 5,490 level, then rally to 5,550/5,625/5,700 levels may be seen. If Nifty does not show strength above 5,490 levels then profit booking till 5,460-5,440/5,400/5,350 may also be seen.
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