Angel Broking: 3130 trend deciding level for Nifty

Angel Broking in its market outlook expects continuation of the rise in Nifty if it sustains above 3130.

The trend deciding level for the day is 3130. Sustained trading above this will lead to a rally up to 3172. At this level we can witness some selling pressure.

If Nifty surpassed this resistance level then expect a further rise upto 3210-3215.

On the bearish note, if Nifty fails to trade above 3130 it can test the support of 3088. Failure to stay above 3088 level may lead to further fall upto 3045. At this level we may expect some buying support.