It was choppy start for Indian Stock Market. Markets opened positive, witnessed a rally and fell sharply to close in red for second consecutive day. For next trading sessions Nifty has support zone in 5,730-5,700 levels, if Nifty manages to respect 5,730-5,700 range, then recovery may also be seen from these levels else selling pressure till 5,650-5,550 may be seen in coming days.
FY`11 Q4 companies results continuing to have an effect on sentiment preparation. For intraday trading tomorrow, the trend deciding level is at 5,700-5,730. If Nifty shows strength above 5,730 level, then rally to 5,780/5,850/5,900 levels may be seen. On the down side if Nifty does not show strength above 5,700 levels then profit booking till 5,650/5,600/5,550 may also be seen.
FY`11 Q4 companies results continuing to have an effect on sentiment preparation. For intraday trading tomorrow, the trend deciding level is at 5,700-5,730. If Nifty shows strength above 5,730 level, then rally to 5,780/5,850/5,900 levels may be seen. On the down side if Nifty does not show strength above 5,700 levels then profit booking till 5,650/5,600/5,550 may also be seen.
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