Nifty Intraday Outlook For Tomorrow 01-Nov

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A range-bound session was seen in Indian Stock Markets. Both benchmark indices (Sensex and Nifty) closed with the index losing 0.56% and 0.64% respectively amid weak global cues. For the day, Nifty opened flat at 5358.90 from the previous close of 5360.70. It made a high near the open at 5360.25 and low at 5314.60 before closing at 5326.60 or 34 points in red. The volatility for the day increased by 8.5 %.

For intraday trading tomorrow, we can see 5300-5260 as the support levels. On higher levels, 5365 may act as the immediate resistance level for Nifty and any gains above these levels are likely to face stiff resistance at 5400-5450. Traders are advised to trade with caution and strict stop-loss.

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