Nifty managed to close above the level of 5250 after the sharp decline from the higher resistance of 5345 to 5350. As we had mentioned in our previous report that one could buy nifty future at current levels for the target of 5300 to 5320, today it did. Now we recommend for tomorrow that traders could go for sell in nifty future below the level of 5200 for the target of 5115 to 5120 with the stop loss of 5245. And if it not breaks the level of 5200 then traders could go for long in nifty future with the stop loss of 5200 for the target of 5350 to 5375.
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