The tipping point for the day is at 5902 and Nifty must stay above this for bulls to come back. The immediate resistance is at 5942.
On the flip side, the support is at 5888, 5870 and 5840. If it slides below 5840, then all the gains of yesterday will get wiped out.
Our outlook is of continued optimism with a bit of volatility and consolidation at lower levels.
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