It was choppy trading session for Indian Stock Market this week. This was a week of consolidation that lead the market in red. Nifty and Sensex both respectively closed with loss of 2.2% for the week.
For Intraday Trading On Monday market is expected to open either flat or positive. Until, Nifty manages to breakout above 5,800 levels, volatility may be seen in 5,700-5865 range. On Monday if indices trade above 19180 / 5775 levels then they are likely to test 19300-19420 / 5,835 - 5,860 levels. On the downside, 19,020 - 18,925 / 5,700 - 5,670 levels are support for the day. Any breach below 5670 level would intensify the selling pressure.
For Intraday Trading On Monday market is expected to open either flat or positive. Until, Nifty manages to breakout above 5,800 levels, volatility may be seen in 5,700-5865 range. On Monday if indices trade above 19180 / 5775 levels then they are likely to test 19300-19420 / 5,835 - 5,860 levels. On the downside, 19,020 - 18,925 / 5,700 - 5,670 levels are support for the day. Any breach below 5670 level would intensify the selling pressure.
Post a Comment