It was quite volatile trading session today and both the benchmark indices closed flat. By looking at Nifty daily charts the major support level is there at 5,840 and below this level further downside may be seen. On the up-side, the resistance is there at 5,965 and 6,030.
For Intraday trading tomorrow if indices trade convincingly above 19720 / 5,922 levels then they are likely to test 19,815-19,900 / 5,950-5,980. On the downside, 19,572 - 19,490 / 5,870 - 5,840 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 19720 / 5,922 levels then they are likely to test 19,815-19,900 / 5,950-5,980. On the downside, 19,572 - 19,490 / 5,870 - 5,840 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
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