For next trading sessions market sentiments are likely to get affected by fuel price hike and an imminent revision in diesel prices. A weak trend across global markets may also affect on the sentiment on Indian Markets. Against fuel price hike news much anticipation has been build up, and the actual outcome is likely to provide trigger for the market direction in upcoming days. Nifty is likely to consolidate within the range of 5,350-5,650.
For intraday trading tomorrow if indices trade convincingly above 18,415 / 5,520 levels then they are likely to test 18,530 - 18,650 / 5,560 - 5,600 levels. However, on the downside if 18,228 / 5,455 level is breached then indices may test 18,100 / 5,420 levels.
For intraday trading tomorrow if indices trade convincingly above 18,415 / 5,520 levels then they are likely to test 18,530 - 18,650 / 5,560 - 5,600 levels. However, on the downside if 18,228 / 5,455 level is breached then indices may test 18,100 / 5,420 levels.
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