For Thursday 27-Jan market is expected to be volatile as the expiry of derivative contracts due and may witness some consolidation in a range of 5,550/5,800.
Today markets opened higher but were unable to sustain this gains which dragged down the indices to close in red. On an intraday chart, we are observing that prices have taken resistance at the 20-day SMA which suggests further weakness in markets. In coming trading session, if indices trade convincingly below 18,940 / 5,675 levels then they are likely to test 18,790 - 18,675 / 5,638 -5,600 levels. On the upside, 19,188 - 19,340 / 5,750 - 5,800 may act as support for the day.
Ask to Analyst for any query
Ask to Analyst for any query
Post a Comment