It was another choppy trading day for Indian Stock Markets. Markets opened on a positive note, but selling pressure dominated throughout the trading session and the indices finally closed in the red. After making Doji candlestick pattern, Nifty showed selling pressure, which shows bears are trying to take control from higher levels. Nifty April future expiry is due on Thursday, which shows volatility, may be seen tomorrow.
On upside Nifty has resistance zone in 5,900-5,950 and on downside Nifty has support zone in 5,830-5,780. For nifty intraday trading, trend deciding level is at 5,850. If Nifty shows strength above 5,850 levels, then rally to 5,900/5,950/6,000 levels may be seen. If Nifty does not show strength above 5,850 levels then profit booking till 5,780/5,725 may also be seen.
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