Nifty Levels

TURNING POINTS ARE 5367 and 5305

NIFTY TRADING PLAN

On the eod chart, nifty has broken out of a flag pattern.

5367 will be critical level for bulls tomorrow.

Crossing and trading above 5367 with volumes, nifty future will move to 5385 and 5405.

On the other hand , 5305 has become critical level to watch for all long trades.

Break and trade below 5295 with volumes will take nifty to 5260 and 5225.

breaches 5260, a correction is expected to 5220 stop loss at 5260 for their long positions.

On an intra-day basis Nifty has a support at 5305 and is likely to face stiff resistance near 5370.

If it breaks 5295, intraday trend will be negative and it may go down further to 5280 5260 & 5225.

However, a move above 5370 can see the Nifty going higher to 5400 and then 5425

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