Today markets opened flat, and traded in a narrow range with extreme choppiness but finally managed to close on a flat note. On the basis of Daily Nifty charts and reports we are witnessing a narrow range body formation which reflects indecisiveness prevailing at current level. We maintain our previous day view that on the upside if indices trade convincingly above 20,452 / 6,150 level then they are likely to test 20,578-20,630 / 6,200-6,220 levels. On the downside 20,167-20,092 / 6,060-6,036 levels may act as support for the day.
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