Market outlooks are likely to be affected by the outcome of RBI's meeting tomorrow. Nifty is likely to consolidate within 5,370-5,530 range.
Sentiment may remain weak below 5,500 level and selling pressure may be seen until it trades below this point. For intraday trading, trend deciding level is 5,470. If Nifty shows strength above 5470 levels, then rally to 5,510/5,540/5,570 levels may be seen. If Nifty does not show strength above 5,470 levels then selling pressure till 5,410/5,370/5,325 may also be seen.
Nifty Tips
Sentiment may remain weak below 5,500 level and selling pressure may be seen until it trades below this point. For intraday trading, trend deciding level is 5,470. If Nifty shows strength above 5470 levels, then rally to 5,510/5,540/5,570 levels may be seen. If Nifty does not show strength above 5,470 levels then selling pressure till 5,410/5,370/5,325 may also be seen.
Nifty Tips
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