It was a volatile day for the Dalal Street. The equity market moved and remained in the range of 5550-5530 due to the lack of cues but short coverings helped nifty futures to pare losses in the half an hour of trade and end moderately lower. Nifty Futures closed at 5524.40, down 6 points or 0.22 %. Nifty is looking bearish in the coming trading session if it manages to trade and consolidate below the support level of 5350 else above 5625 it would be bullish in trend. One can adopt the strategy of selling at higher levels. The market is trading in the oversold zone so technically a pull back is expected up to 5625 levels. However the trend is week and every rally should be used to cut long position.

Nifty for Tomorrow, Nifty turn with following resistance 1st resistance may be 5560 & othsr can be 5625, and in support nifty for tomorrow may be 5410 and other support may be 5350.

Bank Nifty tomorrow with the resistance to the level of 10760 & Other level of 10852, for Bank nifty first support will be 10385 and other support may we 10272

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