Today benchmark indices failed to hold intraday gains and ended on a flat note as traders booked profits near resistance levels. For the coming Intraday trading session if indices trade convincingly above 20,010 / 5,985 levels then they are likely to test 20,100- 20,160 / 6,020- 6,040 levels. On the downside, 19,711 - 19,600 / 5,900- 5,870 levels may act as support for the day.
Traders are advised to trade long if Nifty holds above 5,950 levels with stop loss at 5,920 levels targeting 5,985-6,000 levels. Alternatively, trade short in Nifty below 5,900 levels with a stop loss of 5,920 levels targeting 5,870-5,850 levels.
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