Indian markets remained range-bound today as well. Nifty has been trading in 5,600-5,700 range for 5 trading days. In this range volatility may be continuing, and below 5600 level some profit booking may also be seen. Above 5700 level buying interest may intensify in Nifty.
For intraday trading tomorrow, trend deciding level is 5,630. If Nifty manages to trade above 5,630 levels, then rally to 5,655/5,680/5,725 levels may be seen. On the downside if Nifty does not show strength above 5,630 levels then selling pressure till 5,600/5,565/5,530 may also be seen.
For intraday trading tomorrow, trend deciding level is 5,630. If Nifty manages to trade above 5,630 levels, then rally to 5,655/5,680/5,725 levels may be seen. On the downside if Nifty does not show strength above 5,630 levels then selling pressure till 5,600/5,565/5,530 may also be seen.
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