In today's trading Nifty future continued its bearish trend and made a high of 5494 and low 5456. In the process, for the 3rd day, it has made a lower top and lower bottom. Though it is still holding the 5450 support, the close for the day is weak.
For tomorrow, I do not advise fresh long positions,Nifty Future may bounce from the support of 5450. If this happens, Nifty Future may go up to 5500-5510 at which level it will face resistance. One can consider going short at this level with stop loss at 5555.
All the best.
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