After two positive sessions markets witnessed again a choppy trend. Nifty continued selling pressure from resistance near 4,950 levels and closed in red with significant loss. Nifty August future expiry due on Thursday therefore volatile movement may be seen in coming trading sessions. Market sentiments may remain weak below 4,950 levels. Nifty is likely to continue trade in 4,800-4,980 zones for next trading.
For intraday tomorrow, the trend deciding level is at 4,900. If Nifty shows strength above this levels, then rally to 4,950-4,980-5,025 may be seen. On the downside if Nifty fails to show strength above 4,900 levels then selling pressure till 4,850-4,815 may also be seen.
For intraday tomorrow, the trend deciding level is at 4,900. If Nifty shows strength above this levels, then rally to 4,950-4,980-5,025 may be seen. On the downside if Nifty fails to show strength above 4,900 levels then selling pressure till 4,850-4,815 may also be seen.
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