Today markets traded rang-bound with very low volume, and closed almost flat with small loss of Rs 3 in Nifty and Rs 34 in Sensex. Market is trading at major resistance level of 5525 which if broken will give fresh direction for the market. But till the overall trend remains down, the traders are suggested to stay away from the market and do not create any long positions.
For intraday trading tomorrow, the trend deciding level is at 5,500. If Nifty shows strength above 5,500 levels, then rally to 5,550/5,580/5,625 levels may be seen. On the down side if Nifty does not show strength above 5,500 levels then selling pressure till 5,440/5,400/5,350 may also be seen.
For intraday trading tomorrow, the trend deciding level is at 5,500. If Nifty shows strength above 5,500 levels, then rally to 5,550/5,580/5,625 levels may be seen. On the down side if Nifty does not show strength above 5,500 levels then selling pressure till 5,440/5,400/5,350 may also be seen.
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