Indian markets were in correction mode today, and traded with negative bias throughout the day which leads the both indices to close in red. Nifty closed below the 5,500 mark and is looking at support levels of 5,425 and 5,390 levels.
In coming trading session if indices convincingly trade below 18,160 / 5,445 levels then there is a possibility that they may test 18,000 - 17,790 / 5,400 - 5 ,350 levels. On the upside, if indices trade above 18420 / 5500 levels then 18,515 - 18,610 / 5,540 - 5,570 may act as strong resistance for the day.
In coming trading session if indices convincingly trade below 18,160 / 5,445 levels then there is a possibility that they may test 18,000 - 17,790 / 5,400 - 5 ,350 levels. On the upside, if indices trade above 18420 / 5500 levels then 18,515 - 18,610 / 5,540 - 5,570 may act as strong resistance for the day.
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