The markets were in consolidation mode today. Both the benchmark indices Nifty and Sensex corrected a bit. By looking daily reports and charts market has been overbought and is now moving in a sideways consolidation zone. In coming trading session some healthy correction is expected. But as overall trend is still up so the readers who are holding longs in Nifty, may go on holding till the trend remains up.
For Intraday Tomorrow if indices trade convincingly above 19670 / 5,900 levels then they are likely to test 19,785-19,850 / 5,945-5,980. On the downside, 19,520 - 19,435 / 5,850 - 5,824 are the crucial support levels for the indices. Any breach below this levels would intensify the selling pressure.
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