According to a report by Angel Broking, if Nifty trades below 5405 levels for the first half-an-hour of trade then it may correct up to 5354-5322 levels.
Angel Broking report:
The trend deciding level for the day is 18,078/5,405 levels. If Niftytrades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,185–18,376/5,438–5,489 levels. However, if Nifty trades below 18,078/5,405 levels for the first half-an-hour of trade then it may correct up to 17,887–17,780/5,354–5,322 levels.
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