As we predicted earlier nifty reached 5900 on expiry, It was a disappointing end to the July series as Nifty ended the day at 5907, down 83 points while the Sensex closed down 285.92 points at 19804.76. About 843 shares have advanced, 1411 shares declined, and 186 shares are unchanged. ITC , HUL , Wipro were major losers in the Sensex. I feel it is healthy correction after reaching 6100, I feel market may touch 6000 again, if the nifty close above 5935 on friday. So Friday nifty face the first resistance at 5933-36 level, and on down side support are at 5880 and 5850. Now USD/INR trading at 58.98 and crude trading around 105. So watch market closely and trade accordingly.
Positional Support for NIFTY 5893 5855 5848 5846 5839
positional Resistance for NIFTY is 5943 5968 6016
Intraday Resistance of NIFTY are 5959.1 6001.9 6023.4 6039.5
Intraday Support of NIFTY are 5855.9 5813.1 5792.8 5777
Intraday Resistance of NIFTY are 5959.1 6001.9 6023.4 6039.5
Intraday Support of NIFTY are 5855.9 5813.1 5792.8 5777
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