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Angel Broking : The trend deciding level for the day is 18,184/5,462 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,257-18,382/5,485-5,522 levels.
However, if Nifty trades below 18,184/5,462 levels for the first half-an-hour of trade then it may correct up to 18,059–17,987/5,425-5,402 levels.
Bonanza Portfolio: Nifty showed selling pressure from resistance near 5,500 levels and closed in red. The RBI monetary policy today may play an important role in sentiment preparation.
Sentiment may remain weak below 5,500 levels and selling pressure may be seen. The trend deciding level is 5,450. If Nifty shows strength above 5,450 levels, then rally to 5,500/5,540/5,570 levels may be seen. If it does not show strength above 5,450 levels, then selling pressure till 5,400/5,350/5,300 may also be seen.
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