For tomorrow market will take cues from the global markets and is expected to open on a flat to positive note tomorrow after the policies revision by RBI . Traders are suggested to long in Nifty above 5730 levels targeting 5,780 and 5,800 levels with a stop loss placed at 5,700 levels.
On the Basis of daily charts and reports, we are witnessing a narrow range body formation which reflects indecisiveness prevailing at current level. The coming intraday trading session is likely to witness volatility as RBI will announce the monetary policy. On the upside, if indices convincingly trade above 19,200 / 5,755 levels then it are likely to test 19,330 - 19,400 / 5,790 - 5,820 level. On the downside 19,000 - 18,900 / 5,700- 5,665 may act as support for the day.
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