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Karvy Stock Broking: The US markets have ended on a mixed note; while the Asian indices are trading with positive sentiment. Hence, Nifty is expected to open on a flat-to-positive note. Trade short in Nifty below 5,400 levels with stop loss placed at 5,420 levels targeting 5,380 and 5,350 levels.
Alternatively, trade speculative long in Nifty above 5,420, with stop loss placed at 5,400 levels for targets of 5,450-5,465 levels.
Angel Broking: The trend deciding level for the day is 17,929/5,381 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,014-18,157/5,406-5,446 levels.
However, if Nifty trades below 17,929/5,381 levels for the first half-an-hour of trade then it may correct up to 17,786-17,701/5,341-5,316 levels.
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