Nifty is expected to consolidate in a range of 5,250 to 5,550. Indian Markets are likely to be volatile for coming trading sessions. I would suggest, you should be buying when the stock market falls and selling when it is at very high levels.
For Nifty Tomorrow the major support is there at 5,308 below further downside. On the other hand, the resistance is there at 5,445 and 5,515.
Looking at daily Nifty Charts and reports if indices trade above 17,900 / 5,385 levels then they are likely to test 18,120-18,205 / 5,418-5,465. On the downside, 17,760 - 17,640 / 5,333 - 5,300 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
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