Markets traded range-bound today with great ups and downs. IMF's trimming of growth forecast for India sounds a warning signal and will make global investors trim their expectations, accordingly. The resistance levels for Nifty (spot) continue to be at 5,180 and 5,320 where it fills an open gap. And on the downside, 4,990-4,910 remain supports.
For intraday trading tomorrow, we can see 5080 as the immediate support level and if this is broken, then next support is seen at 5050-5012. On higher levels, 5175 is the immediate resistance level for Nifty and any gains above these levels may take it to resistance at 5200-5235.
For intraday trading tomorrow, we can see 5080 as the immediate support level and if this is broken, then next support is seen at 5050-5012. On higher levels, 5175 is the immediate resistance level for Nifty and any gains above these levels may take it to resistance at 5200-5235.
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