Markets Outlook For Tomorrow 03-Nov

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For intraday trading tomorrow Nifty has important support zone at 5,220 level. Today Nifty managed to close above 5,240 level again, however the short term trend has turned bearish. Below 5,220, next support exists at 5,175-5,150 levels. On upside resistance exist at 5,300-5,350. Global events and announcements are likely to make market highly volatile. Outcome of fed reserve meeting could provide trigger for the market.

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