Nifty for Tomorrow ( 19 Aug )
Nifty made strong up moves today and made a close near to the level of 5500. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. The immediate intraday 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 and 5350 in near run. For trading we already recommended buy on dips for the targets of 5500, 5550. Those who like to initiate new long positions in Nifty Future, they might do above 5500 for the target of 5600 with a Stop Loss around 5460.
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