In Indian stock markets, after a good run-up in the past few weeks, the growth trajectory finally slowed down and both the benchmark indices closed with moderate gains during this week. Both the benchmark indices Nifty and Sensex and almost all sectoral indices made handsome gains. Nifty and Sensex both respectively gained 0.3% and 0.2% for the week.
For Intraday Trading On Monday market is expected to open either flat or positive. Nifty is still trading in 5,800-5,950 range for last five trading days. Until, Nifty manages to breakout above 5,950 or below 5,800 levels, volatility may be seen in this range. On Monday if indices trade above 19500 / 5860 levels then they are likely to test 19635-19710 / 5,888 - 5,915 levels. On the downside, 19,340 - 19,250 / 5,807 - 5,775 levels are support for the day. Any breach below 5775 level would intensify the selling pressure.
For Intraday Trading On Monday market is expected to open either flat or positive. Nifty is still trading in 5,800-5,950 range for last five trading days. Until, Nifty manages to breakout above 5,950 or below 5,800 levels, volatility may be seen in this range. On Monday if indices trade above 19500 / 5860 levels then they are likely to test 19635-19710 / 5,888 - 5,915 levels. On the downside, 19,340 - 19,250 / 5,807 - 5,775 levels are support for the day. Any breach below 5775 level would intensify the selling pressure.
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