Markets opened higher traded in a narrow range with choppiness to close in green. On the daily chart we are witnessing a narrow range body formation which suggests indecisiveness prevailing at current levels. In coming trading session if indices trade convincingly above 20,461 / 6,187 level then it is likely to test 20,707 / 6,222 level (high of the shooting star). On the downside, 20,180 / 6,063 may act support for the day.
For tomorrow trading session market is expected to trade in a range, Nifty 6,110-6,200. Banking stocks may play an important role to decide the trend. However, traders are suggested to buy at declines. Auto and oil-gas may appear strong while pharma, cement and FMCG may appear weak.
For tomorrow trading session market is expected to trade in a range, Nifty 6,110-6,200. Banking stocks may play an important role to decide the trend. However, traders are suggested to buy at declines. Auto and oil-gas may appear strong while pharma, cement and FMCG may appear weak.
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