The short to medium term trend is intanct and can move towards 5600 and 5500 levels provided Nifty closes below 5700 which is recent low and where it has found support. But the trend for next few days is up as Nifty was finding support at 5800.
For Intraday Nifty spot closing above 5810 for atleast 30 minutes is a clear indication for the market to go up and find support at these areas towards 5840 which is 200 DMA and has always been a very strong support areas. Stay above this will level which is not easy can move the market towards 5910 where you can see sustained selling.
Intraday and short term Levels for Nifty Future
Above 5853.60 can move to 5894.90, 5927 and 5960
Below 5822 can move to 5797, 5776, 5750 and 5720
Stocks for the day
Ranbaxy
Havells
Auro Pharma
ABNuvo
TCS
Relcapital
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