Indian markets traded weak today and ended in the negative territory as selling pressure intensified throughout the day. For next trading sessions market is looking bearish till the nifty trades below 5750 levels. So the traders are advised to stay away from the market and do not create any long positions till the trend remains down.
On the basis of daily charts and reports, it is expected that market may open either flat or negative side. On the downside, indices may have support at 18400 - 18285 / 5,512 - 5,475 levels. On the upside, if indices trade above 18650 / 5,600 levels then it is likely to test 18,765 / 5,650 or even extend their gains to 19,900 / 5,680 levels for tomorrow trading session.
On the basis of daily charts and reports, it is expected that market may open either flat or negative side. On the downside, indices may have support at 18400 - 18285 / 5,512 - 5,475 levels. On the upside, if indices trade above 18650 / 5,600 levels then it is likely to test 18,765 / 5,650 or even extend their gains to 19,900 / 5,680 levels for tomorrow trading session.
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