Angel Broking: Nifty may target 3400

Angel Broking in its market outlook said that the trend deciding level for the day is 3357/11476.

If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally upto 3383/11566 levels. If Nifty manages to trade above 3383/11566 expect a further rally upto 3400/11620 where some profit booking may be witnessed.

However, if Nifty trades below 3357/11476 for the first half-an-hour of trade then it may correct upto 3341-3316/11423-11335 where buying may emerge.