As suspected the Nifty had a sideways day, a day of consolidation. And as I have suggested all declines would be bought into hence they would be shallow declines. We are still on course towards 5,920 and higher towards 6,150. Trend deciding level is 5,880. If Nifty shows strength above 5,880 levels, then rally to 5,920/5,950/6,000 may be seen. If Nifty does not show strength above 5,880 levels then selling pressure till 5,840/5,800/5,750 may be seen.
The Sensex has supports at 19,250 and 19,180 and resistances at 19,410 and 19,500. The Nifty spot has supports at 5,854 and 5,820 and resistances at 5,900 and 5,950.
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