Stock Market For Tomorrow 19-Jan

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To day markets opened on positive note and traded in high volatile session throughout the day. After making spinning top candlestick pattern on daily charts, Nifty showed good strength, which shows Bulls are trying to enter from 5,600-5,650 area. Buying momentum may be seen if Nifty manages to maintain above 5,740 levels else profit booking may also be seen. Volatility may be expected next few days because of Dec quarter results.

For intraday trading, the trend deciding level is at 5,740. If Nifty shows strength above 5,740 levels, then rally to 5,775/5,820 levels may be seen. On the other side if Nifty fails to trade above 5,740 levels then selling pressure till 5,690/5,640 levels may also be seen.

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