Today Indian stock markets traded in a narrow range with negative bias and finally managed to close in red by loosing 15 pts and 46 pts in Nifty and Sensex respectively.
On the basis of daily charts and nifty reports it is expected that there is no clarity of trend and market may witness narrow range body formation for the next trading session. If indices trade convincingly above 20,020 / 6,000 levels then they are likely to test 20,168- 20,250 / 6,022- 6,050 levels. On the downside, 19,810 -19,740 / 5,940- 5,900 levels may act as support for the day.
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