While commenting on Stock Market Forecast for Monday it is expected that market may remain volatile and could consolidate around current levels. However the long term trend is up.
Technically, after yesterday's choppy session, Nifty exhibited a good recovery today and closed above the vital sentimental resistance level of 5,900. On the down side Nifty has tested the lower support of 5,860-65 range and witnessed a good rebound from those levels. On an intraday basis 5998-6033 may act as resistance levels while, 5910-5886 may be the support levels for Nifty On Monday.
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