It was mix trading session for Indian Stock Market this week. Both the benchmark indices registered marginal loss and IT was primarily responsible for the weakness. Nifty and Sensex both respectively closed with marginal loss of 0.3% and 0.3% for the week.
For Intraday Trading On Monday market is expected to open either flat or negative. Until, Nifty manages to breakout above 5,870 levels, volatility may be seen in 5,733-5915 range. On Monday if indices trade above 19450 / 5842 levels then they are likely to test 19576-19690 / 5,880 - 5,920 levels. On the downside, 19,253 - 19,160 / 5,787 - 5,745 levels are support for the day. Any breach below 5745 level would intensify the selling pressure.
For Intraday Trading On Monday market is expected to open either flat or negative. Until, Nifty manages to breakout above 5,870 levels, volatility may be seen in 5,733-5915 range. On Monday if indices trade above 19450 / 5842 levels then they are likely to test 19576-19690 / 5,880 - 5,920 levels. On the downside, 19,253 - 19,160 / 5,787 - 5,745 levels are support for the day. Any breach below 5745 level would intensify the selling pressure.
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