It was eighth consecutive positive day for the Indian Stock Markets. Today both indices Nifty and Sensex surged with 0.80% and closed above its psychological resistance levels. For Nifty Tomorrow the major support is there at 5,770 and below this level further downside may be seen. On the up-side, the resistance is there at 5,885 and 5,920.
For Intraday trading tomorrow if indices trade convincingly above 19450 / 5,840 levels then they are likely to test 19,615-19,688 / 5,885-5,920. On the downside, 19,322 - 19,208 / 5,770 - 5,726 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
For Intraday trading tomorrow if indices trade convincingly above 19450 / 5,840 levels then they are likely to test 19,615-19,688 / 5,885-5,920. On the downside, 19,322 - 19,208 / 5,770 - 5,726 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
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