The market’s start today was bad, partly due to fears on inflation and partly due to weak global nod. The market bounced back largely on the back of short covering. The SENSEX gained 188 points to close at 18412, while the Nifty advanced 59 points to close at 5526.
In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 5490- 5575 and if it breaks the level 5490 then it would be go down and next support would be 5450 and if it breaks the level 5575 then would go higher and next resistance would be 5610 si.e nifty would vary between broad range of 5450- 5610.
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