Nifty witnessed the profit booking on higher levels & in the end closed in the red zone. In the lower side it is having the crucial short term support around the level of 5350. Closing below this support may slip it till the lower levels of 5290 to 5300 in near run. Technically nifty future still looking bullish and after some consolidation phase in the market we might expect the one more up rally in it.
For intra day trading we recommend that traders may go for buy on dips in it until it close below 5350 for the targets of 5450, 5500 in near term.
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