Market had a volatile trading session with the trading range of 70-80 points, intraday pullback attributed to the heartening decline in food inflation. The S&P CNX Nifty shut shop at 5225.80, down 27 points or –0.35 %. The Indian VIX which is currently at 24.82 and it was down by 1.66 % % or -0.42 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 10095, down 35.95 or -0.35 %. It is looking bearish in the coming trading session if it manages to break the support level of 5211 else above 5300 it would be in a bullish trend.
RESISTANCE: 5300 & 5350.
SUPPORT: 5211 & 5138.
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