Market May Remain Consolidate Tomorrow

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It was a flat trading day for Indian stock markets which traded on a mixed note and ended in green. Nifty is witnessing a narrow range body formation which indicates consolidation of previous rise but not weakness. Looking at the market technical views it is expected that for coming trading session, if indices trade convincingly above 18,711 / 5,612 level then it is likely to test 18,780-18,900 / 5,650-5,700 levels and on the downside, 18,470-18,370 / 5,550-5,520 levels may act as support for the day.

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