It was a choppy session for Indian Stock Market which traded negative in almost all sectors. Today Nifty opened on negative note at 5,931.15 levels and after making initial high at 5,942.75 levels, it showed selling pressure throughout the day.
In the coming trading session markets are likely to witness volatility, as RBI will announce the mid term monetary policy. For intraday outlook, the trend deciding level is at 5,900. If Nifty manages to trade above 5,900 levels, then rally to 5,940/5,985 levels may be seen. If Nifty does not show strength above 5,900 levels then selling pressure till 5,850/5,830/5,700 levels may also be seen.
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