Angel Broking: Nifty key level for the day 3354

Angel Broking in its market outlook says that the trend deciding level for the day is 3354/11470. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally upto 3383/11560 levels, where some profit booking may be witnessed.

If Nifty manages to trade above 3383/11560 expect a further rally upto 3412/11642.

However, if Nifty trades below 3354/11470 for the first half-an-hour of trade then it may correct upto 3326-3299/11387-11297 where buying may emerge.