After announcement of IIP data market took a dip and nosedived to test 5720.
But later on it
recovered from its lows and rise to close by gaining 109 points.
Market has touched great lows and many important support levels were tested and market was waiting a single positive news.
So Infosys results fueled the rally and market showed the wild swings from the low to the day's high.
Although the coming days will not be so easy for the market and we may see sudden profit booking in the coming sessions as well.
If Nifty crosses 5914 level then it will be a big thrust for the punters and they may take Nifty to a new high.
Closing above 5914 may lead Nifty to 5964 level easily.
Nifty Pivot 5831
Support 5821-5786
Resistance 5885-5914
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