Share Market For Tomorrow 05-Jan

Today Indian Stock Market opened higher but wasn't able to sustain the opening gains. After four days of successive rally markets traded in negative territory, which led the indices to close in red with the moderate losses of 11 pts in Nifty and 62 pts in Sensex.

On the basis of daily charts and reports, it is expected that markets may consolidate in a range of 20650 / 6180, however the long term trend remains up. In coming trading session momentum on the upside could be seen only above 20,650 / 6,180 level. On the upside, then indices are likely to test 20,775- 20,835 / 6,210 - 6,230 levels. On the downside, 20,405- 20,323 / 6,105 - 6,080 levels may act as supports for the day.

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