Stock Market Trend For Tomorrow 09-Feb

Markets traded range-bound today and closed with moderate gains. Nifty is consolidating in 5,400-5,300 zone from 3 consecutive days. Bulls and bears have been indecisive. Decisive price action may be seen only above 5,400 levels or below 5,300 levels. In the range of 5,400-5,300 levels, volatility may be seen. 

For intraday trading tomorrow 09-Feb, trend deciding level is at 5,350. If Nifty shows strength above 5350 level and manages to trade above this, then rally to 5,400-5,450-5,500 may be seen. On the downside if Nifty fails to trade above 5,350 levels then selling pressure till 5,300-5,250-5,200 may also be seen.