It was very good start for the Indian Stock Market. The markets gained significantly today with all sectors performing well. Today Nifty showed good strength and closed above 5,900 levels with positive market breadth. If Nifty manages to trade above 5,900 levels then buying interest till 5,960-6,040 may be seen in coming trading days, else below 5,830 profit booking may be seen.
For intraday trading tomorrow trend deciding level is at 19750 / 5910. If indices trade above this levels then they are likely to test 19,870 - 19,950 / 5,958 - 5,990 levels. On the downside, 19,604 - 19,532 / 5,865 - 5,830 levels are support for the day. Any breach below this levels may intensify the selling pressure.
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