According to a report by Angel Broking, if Nifty trades above 5483 during the first half-an-hour of trade then we may witness a further rally up to 5550-5593 levels.
Angel Broking report:
The trend deciding level for the day is 18254/5483 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18470 - 18612/5550 - 5593 levels. However, if Nifty trades below 18254/5483 levels for the first half-an-hour of trade then it may correct up to 18112 - 17897/5439 - 5373 levels.
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To read the full report click on the attachment
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