Nifty: Resistance 5917/5945-5959/5995/6006/6036
Support 5888/5840/5810/5777
Nifty witnessed a massive sell-off. Sensex lost 930 points, 4.5% for the week, the worst trading week when compared with the first five trading sessions of the year in the past decade. For the day, 5945-5959 will offer stiff resistance for upside move. On lower side, nifty now has strong support @ 5888-5840, which should now offer some good support to this fall & some bounce back from this level should be expected, if held. Nifty needs to avoid further big fall & needs consolidation to move upwards. Expect flat/-ve opening.
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