It was an another good day for Indian Stock Markets. Nifty showed good strength for consecutive two days and managed to close above 5850 levels. Nifty's short term trend still down but intraday trend is up. On upside resistance may be seen in the range of 5950-6000 levels.
For Intraday concern, trend deciding level is 5830-5850. If Nifty manages to trade above 5850 levels, then rally to 5,900/5,950/6,000 levels can be seen. on the other hand if Nifty fails to show strength above this levels then selling pressure till 5820/5790/5750 levels may also be seen
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