Nifty
(5724.05 +69.30)
After
closing flat yesterday and testing 200EMA, Nifty has bounced back and closed
comfortably above 5700 levels while Sensex has closed above 19000. All BSE
Sector Indices except for Oil & Gas closed in positive zone led by IT &
METAL stocks. The overall market breadth managed to end on the advancing side
though the volume in the cash market segment remained on the lower side. It’s
very close to resistance zone of 5730 levels. Once these levels can be crossed
on sustained basis tomorrow the pullback may extend towards 5770/5830 but
failure to do so may once again invite correction which can take Nifty towards
5620 levels again.
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