Overall, the market will stay sideways in the near-term. The Nifty is likely to find support in the 5,300-5,400 levels and resistance in the 5,500-5,600 range for next week trading sessions.
Due to positive rally today we can see 5,550-5600 as strong resistance levels for the market next week. If Nifty breaks 5,500 with high volume than only we can see up-move towards 5,600. However we feel for the coming week market to trade in the range of 5,400 and 5,600.
For intraday trading on Monday (30-May) trend deciding level is at 18325 / 5490. If indices trade convincingly above this levels then they are likely to test 18,500 - 18,650 / 5,550 - 5,600 levels. However, on the downside if 18,175 / 5,440 level is breached then indices may test 18,050 / 5,400 levels.
Due to positive rally today we can see 5,550-5600 as strong resistance levels for the market next week. If Nifty breaks 5,500 with high volume than only we can see up-move towards 5,600. However we feel for the coming week market to trade in the range of 5,400 and 5,600.
For intraday trading on Monday (30-May) trend deciding level is at 18325 / 5490. If indices trade convincingly above this levels then they are likely to test 18,500 - 18,650 / 5,550 - 5,600 levels. However, on the downside if 18,175 / 5,440 level is breached then indices may test 18,050 / 5,400 levels.
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