The tipping point for the day is at 5881 and the benchmark index must trade above this point and also conquer the immediate resistance of 5908 for any hope.
On the flip side the immediate support is at 5870 below which it may find support at 5830 and 5762.
Our outlook for the day is of continued losses and erosion. Mid term investors are advised to buy key stocks on staggered basis as and if market approaches 5762 mark. Indra-day traders may play on the short side.
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