Nifty is showing absolute strength even though it has entered the overbought region. It is having resistance at 5,825 and 5,860 while the support is there at 5,744. A consolidation around these levels is expected before a profit booking happens after the March expiry.
Supports & Resistance For Tomorrow
For intraday trading tomorrow the downside indices have support at 19,100 - 18,968 / 5,730 - 5,690 levels. Any move beyond 19,360 / 5,805 levels would lead indices to test 19,500 - 19,560 / 5,850 - 5,875 levels.
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