Nifty witnessed some profit booking today, but still holding the up trend. Technically market is looking to head ahead from here onwards for the levels of 5600 to 5610. The next key resistance seems to be at the level of 5500. Decisive closing above this level may take up it till the levels of 5600 to 5610 in near run.
We recommend that one may keep long in nifty future until it close below 5400. Those who like to initiate new longs they may do above 5500 with the stop loss of 5440 for the target of 5600.
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