It was a volatile trading session in the Indian markets today with selling pressure returning in the afternoon. IT sector gained the most in today's session followed by oil & gas and metal while auto, capital goods, banking and healthcare closed with moderate losses.
For intraday trading tomorrow, 4900 may act as the immediate support level for Nifty and any trades below this level will drag Nifty to 4860-4825 levels. On the upside, Nifty could find immediate resistance at 5020 and any gains above this level are may lead Nifty to 5050-5085. However market is still volatile and trend seems bearish in coming sessions. Traders are advised to trade with strict stop-loss and in small quantities.
For intraday trading tomorrow, 4900 may act as the immediate support level for Nifty and any trades below this level will drag Nifty to 4860-4825 levels. On the upside, Nifty could find immediate resistance at 5020 and any gains above this level are may lead Nifty to 5050-5085. However market is still volatile and trend seems bearish in coming sessions. Traders are advised to trade with strict stop-loss and in small quantities.
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