It was a good start for Indian Stock Market. Markets traded range-bound and closed in green with moderate gains. Nifty is expected to consolidate in a range of 5,600 to 5,835. Indian Markets are likely to be volatile for coming trading sessions.
For Nifty Tomorrow the major support is there at 5,628 and below further downside may be seen. On the other side, the resistance is there at 5,745 and 5,780.
Looking at daily Nifty Charts and reports if indices trade above 18,990 / 5,700 levels then they are likely to test 19,135-19,228 / 5,745-5,785. On the downside, 18,820 - 18,730 / 5,642 - 5,628 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
For Nifty Tomorrow the major support is there at 5,628 and below further downside may be seen. On the other side, the resistance is there at 5,745 and 5,780.
Looking at daily Nifty Charts and reports if indices trade above 18,990 / 5,700 levels then they are likely to test 19,135-19,228 / 5,745-5,785. On the downside, 18,820 - 18,730 / 5,642 - 5,628 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
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