Tomorrow is the expiry day of derivative contracts (F&O Expiry) and the market is expected to be volatile in view of expiry of derivative contracts. Technically, Nifty charts suggest that short term indicators have come to overbought levels and this has caused some weakness to seep in. This would mean that the index may undergo a short term halt or correction, but the overall trend remains in a sound condition. A period of dull consolidation might be their for trading tomorrow.
If the crucial level of 5354 is not breached then another upmove possible which may or may not make a new high.
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