The Nifty is all poised for a short term up move provided it stays above 5627 consistently. Incidentally, 5627 is yesterdays closing point. In the event of an up move, the immediate resistance is at 5644 and then 5690.
If however it fails to stay above 5627, then the immediate support is at 5620 failing which it may go down to 5583.
Our outlook for today is of sideways consolidation unless it manages to stay above 5627.
If however it fails to stay above 5627, then the immediate support is at 5620 failing which it may go down to 5583.
Our outlook for today is of sideways consolidation unless it manages to stay above 5627.
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