Markets Outlook For Monday 31-Jan

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Today Nifty again closed below 200 days simple moving average(SMA). The Market undercurrent is soft and the it is expected to trade with a weak bias. A bounce back from the day's low is cannot be ruled. For Monday market is likely to trade in a range of 5,400 to 5,700. For Nifty the next major support may find at 5456 and 5388. Resistance could find at 5610-5670 levels.


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