Today Nifty looks okay above 5599
If Nifty trades above 5625 - BUY with Targets of 5640, 5659 and 5669 SL 5605
However If Nifty trades below 5605 Sell Nifty for Targets of 5571, 5553 and 5329 : SL 5625
We are of the opinion that the markets may open flat and slip down after opening but may pick up steam and momentum during noon.
HDFCBank & SBIN are now in a highly overbrought zone and may see some selling from higher levels.
However RIL - ICICIBank & BHEL may remain Positive for the day !
Happy Trading
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