Get market views and best prediction for the stock market tomorrow (21st, July'10)
The market is expected to be volatile and would move under the influence of results and developments overseas. The consolidation phase is expected to continue with support around 5,300 levels.
The Nifty is likely to trade in the range of 5,350-5,420. The trading strategy would be to create short positions if the Nifty resists around 5,415 levels for targets of 5,390 and 5,365. On the other hand, one can also create long positions if the Nifty takes support at around 5,360-5340 levels.
Tracking global downbeat cues, the Nifty opened negative but buying soon emerged. This took the Nifty to the resistance area of 5,410-5,420.
The Nifty is likely to trade in the range of 5,350-5,420. The trading strategy would be to create short positions if the Nifty resists around 5,415 levels for targets of 5,390 and 5,365. On the other hand, one can also create long positions if the Nifty takes support at around 5,360-5340 levels.
Tracking global downbeat cues, the Nifty opened negative but buying soon emerged. This took the Nifty to the resistance area of 5,410-5,420.
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