After seeing a range-bound session yesterday, Nifty fall significantly and suffered a loss of nearly 0.80%. Auto sector stocks were the worst performer today. Its F&O expiry tomorrow and market sensed a play-safe mode today. Rupee again slipped for third consecutive day. Moreover weak cues from Asian Markets and concern over GDP put the market downside.
For coming trading session, market is likely to remain same. A range-bound session could prevail for couple of days once nifty reaches 5000-5100 level. Major resistance is still hovering around 5200 mark.
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