Market still seems to be in consolidation phase in the near-term. Nifty traded rangebound today and set to close in green with moderate gains. For next trading sessions Nifty is likely to find support in the range of 5475-5425 levels and 5,580-5,625 levels may act as resistance for next trading sessions.
If Nifty manages to trade above 5,550 level with high volume than we can see up-move towards 5,600, otherwise on the down side, below 5500 level more correction can be seen in Nifty.
If Nifty manages to trade above 5,550 level with high volume than we can see up-move towards 5,600, otherwise on the down side, below 5500 level more correction can be seen in Nifty.
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