Stock Market Trend For Tomorrow 21-Oct

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It was choppy trading session for Indian Markets today. Both benchmark indices traded weak at opening but recovered in the second half on cues of European markets. For coming trading session markets are expected to be highly volatile with the result announcement of key heavyweights in this week. Moreover due to the shortened next week, Oct series derivative expiry will be on coming Tuesday, making the market all the more volatile in the time being. Below 5,000, next support exists at 4,940 and 4,860.Global news flow too will have a significant impact on market trend.

For Intraday trading tomorrow we can see 5055-5020 as the immediate support levels. On higher levels, 5130 is the immediate resistance for Nifty and any trades above these levels are likely to face stiff resistance at 5170-5200.

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