Nifty has shown support from 5180 levels in the last few sessions. Buying momentum may be continuing above 5,350 levels. On upside, Nifty may find resistance in 5,350-5,400 zone. For daily purpose, trend deciding level is 5,305. If Nifty shows strength above 5,305 levels, then rally to 5,350/5,380/5,400 may be seen. If Nifty does not show strength above 5,305 levels then selling pressure till 5,260/5,220/5,180 may also be seen.
The crucial support for the Nifty is at 5,240 and the resistance is at 5,340-5,375.
The crucial support for the Nifty is at 5,240 and the resistance is at 5,340-5,375.
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