It was another choppy trading day for Indian Stock Markets. Both the Benchmark indices ended in the negative territory as investors stayed away from frontline stocks after the recent upmove.
If we look at Nifty past performances Nifty is trading in 5,825-5,950 range for last four trading days. Until, Nifty manages to breakout above 5,950 or below 5,825 levels, volatility may be seen in this range. Below 5,825 levels a fall till 5,700 may be seen. On the other hand, if Nifty manages to sustain above 5,950 levels then rally till 6,050-6,100 may also be seen.
For Intraday trading, trend deciding level is 5,890 If Nifty shows strength above this level, then rally to 5,950/6,000/6,050 levels may be seen. On the down side if Nifty fails to show strength above 5,890 levels then profit booking till 5,850/5,800/5,750 may also be seen.
If we look at Nifty past performances Nifty is trading in 5,825-5,950 range for last four trading days. Until, Nifty manages to breakout above 5,950 or below 5,825 levels, volatility may be seen in this range. Below 5,825 levels a fall till 5,700 may be seen. On the other hand, if Nifty manages to sustain above 5,950 levels then rally till 6,050-6,100 may also be seen.
For Intraday trading, trend deciding level is 5,890 If Nifty shows strength above this level, then rally to 5,950/6,000/6,050 levels may be seen. On the down side if Nifty fails to show strength above 5,890 levels then profit booking till 5,850/5,800/5,750 may also be seen.
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