Tomorrow being April derivative series expiry day, market is expected to be highly volatile. Apart from the domestic cues, global events and news will continue to influence the market sentiments. Downside support exists at 5,140-5,120.
We expect Nifty to trade in the range of 5,130-5,250 and settle around the 5,200 mark for the April series. Selling pressure is expected in select frontline and midcap stocks. Selling pressure may be continuing below 5150 levels. Buying interest may be seen above 5,250 zone. In 5,150-5,250 zone volatility may be seen. Traders should be cautious.