Nifty Outlook For Tomorrow 19-Oct

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Indian stock markets saw high selling pressure today and closed with losing 1.6%. For the session, Nifty opened below 5050 mark at 5049.45, down 69 points from previous close of 5118.25. It made a high at 5057.50 in the opening trade and made low for the day at 5011.05 levels. The index finally closed the range-bound session at 5037.50.

For intraday trading tomorrow, we can see 5000-4960 as the immediate support levels. On higher levels, 5060 may act as the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5100- 5135.

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