5550-5600 is a decent target for Nifty: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com in an interview with ET Now talks about Nifty.

Does it seem like 5375 could be the next resistance now?

I think it makes a difference for another 25 or 50 points. 5400 would be the next crucial level which we would like to watch because that is the 52-week high for the Nifty.

I think it could just stagnate around that level for a couple of sessions but we are more or less likely to break past that and possibly make a new high by at least 150 point. So I guess 5550-5600 should be a decent target for the Nifty.