For Intraday tomorrow, the level of 5885 and 5860 may act as a major support for the market and the level of 5940 and 5970 may act as a major hurdle. Market may remain highly volatile; Auto and IT may attract selling pressure.
The Short term trend will turn positive above the level of 5930.
“Spot Levels” Day trader can go long on nifty above 5940 with stop loss 5910 for target 5970 / 5995 and can go short below 5885 with stop loss 5915 for target 5860 / 5830.
Nifty: 5903.70
Range: 5830-5995
Resistance: 5940-5970-5995
Support: 5885-5860-5830
Bank Nifty: 11460.20
Range: 11280-11625
Resistance: 11520-11570-11625
Support: 11405-11350-11280
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