Indian markets traded rangebound today and came down sharply with substantial losses in the last hour to close. The market breadth was negative with advances at 307 against declines of 1001 on the NSE. Nifty is likely to continue its volatile trend in coming trading sessions ahead.
For Intraday Trading on Friday 11-Nov, trend deciding level at 5250. If Nifty manages to trade above this levels then it may find resistance levels around 5290-5335. On the downside if Nifty fails to trade above 5250 then it is likely to find support at 5180-5145-5100. Traders are advised to trade in small quantity with caution.
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