After a long choppy sessions Indian Stock Markets witnessed a cheerful trading today. Nifty today showed absolute strength and reached above 5,500 but came to a close for the day in green but off the day's high. By looking at market snap today it seems the investors have gained some confidence as Nifty showed some consolidation around 5,400 and on technical ground it was a bit oversold.
For intraday trading on Monday major resistance is there at 5580 levels. But still we can't conclusively expect that the markets have bottomed out. As the decision on diesel and LPG price hike is pending, negativity factor will remain dormant till then. For the same trading day Nifty would find support level around 5430-5370.
For intraday trading on Monday major resistance is there at 5580 levels. But still we can't conclusively expect that the markets have bottomed out. As the decision on diesel and LPG price hike is pending, negativity factor will remain dormant till then. For the same trading day Nifty would find support level around 5430-5370.
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