It was a cheerful day for Indian Stock Markets. Today markets opened on a positive note and gradually picked up the momentum on the upside as the day progressed which led the indices(Both Nifty and Sensex) to close in green.
On the daily chart, prices have taken support on the 20-day EMA and have closed above it with a positive candle. In next Intraday trading session, if indices trade above 18480 / 5535 levels then they are likely to test 18,640 - 18,735 / 5,580 - 5,610 levels. On the downside, support levels are at 18,240 - 18,120 / 5,460 - 5,420.
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