Nifty Trend For Tomorrow 01-Feb

Markets traded well today and both indices closed with handsome gains today. Nifty witnesswd good strength and closed in green near 5,200 levels. Buying momentum was seen in majority of sectors and majority of large caps participated in rally. Bulls are again showing momentum strength. Buying interest may be continuing above 5,200 levels. Profit booking may be seen if Nifty does not maintain above 5,200 levels.

For intraday trading tomorrow, trend deciding level is at 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,250/5,300/5,350 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,150/5,100/5,050 may also be seen.