Market Technical Views For Tomorrow 22-Feb

Indian Stock Markets traded well today with significant gains of 0.76%. Nifty witnessed good strength and closed in green above 5,600 levels. Buying interest may be continuing above 5,625 levels. However, if Nifty manages to trade above 5,625 levels then profit booking may be seen. Nifty Feb future expiry due in this week and volatility may be seen till expiry. 

For intraday trading tomorrow, trend deciding level is 5,600. If Nifty shows strength above 5,600 levels, then rally to 5,640-5,670-5,700 may be seen. On the downside if Nifty does not show strength above 5,600 levels then selling pressure till 5,555-5,520-5,500 may also be seen.