Share Market Views For Tomorrow 18-Jan

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Today markets opened on a subdued note and throughout the day traded in a narrow range with high choppiness to close flat. On the basis of daily charts and Nifty reports, market is expected to trade in a narrow range formation which may reflect indecisiveness prevailing at current levels.

For Intraday Trading Tomorrow if indices trade convincingly below 18,780 / 5,625 levels then it may test the 200-day SMA, which is at 18,674 / 5,600 levels and 17,800 / 5,550 levels. On the upside, 19,010 - 19,150 / 5,690 - 5,740 levels may act as resistance for the day.

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