Nifty Intraday - 23rd August

Nifty seems to be not in a mood to give-up recent gains! Inspite of global weakness, today Nifty managed to go higher though could not sustain at the top. Nifty managed to break previous day's high. On intraday basis, we must consider Nifty is in uptrend as long as it close above 5400. If Nifty manage to cross yesterday's high of 5432 next resistance may come at 5450-60 zone on intraday basis but the medium term target of Nifty is 5600 with Support/SL at 5180

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