Markets were choppy for the most part of the day as investors stayed to the sidelines due to lack of direction, but heavy selling during the afternoon trades front liners- ICICI Bank, ITC, HDFC Bank and Bharti Airtel dragged the NSE benchmark index S&P CNX Nifty, down -77.30 points or -1.40 % at 5458.40.
NIFTY is near its bottom level in March, i.e.around 5360 and this can be a strong support.
The global markets are in red, but we started to fall early and may stop falling early-
NIFTY SUPPORT AND RESISTANCE :-
RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.
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