Share Market For Tomorrow 28-Jan

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Nifty slipped below the 5,600 level and closed below the 200 DMA of 5,620. For coming trading session if Nifty closes below 5,600 for two consecutive sessions, then we may see further downside which can bring down Nifty towards 5,440 levels. On the other hand if it trades above 5,740 levels, then further upside can be seen.

In coming trading session, if indices trade convincingly below 18,656 / 5,590 levels then they are likely to test 18,536 - 18,386 / 5,550 - 5,500 levels. On the upside, 18,860 - 19,000 / 5,650 - 5,700 may act as resistance for the day.

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