The Indian Markets were inconsistent and rangebound today and closed almost flat. Technically, Today, Nifty formed a bearish candle however it will not create any fear about further fall in the existing levels. Today indices witnessed a huge volatility.
For the next trading session, Nifty is expected to trade in the range 5,477-5,564. If Nifty sustained above this level then it may test 5,608 and 5,624. However, Nifty may test 5,440 and 5,408, in case it go below the given range.
Bank Nifty has a strong resistance around 11,150-60. If sustained above this level it may test 11,280-350. In the next session, Bank Nifty may trade with the support of 10,860, below this level it may come down to 10,760 and 10,650.
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