On last trading day the domestic market was on pessimistic mood, Sensex ended at 17871, down by 115 points and the Nifty fell 30 points to settle at 5366. Major culprits were IT stocks that added continuous pressure on the markets.
Today the main reason behind the lower market was the lower it index.IT shares fell down due to weak the Europe and US Market as they are key market for Indian IT Industries
In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 5325- 5400 and if it breaks the level 5325 then it would be go down and next support would be 5285 and if it breaks the level 5400 then would go higher and next resistance would be 5450 i.e nifty would vary between broad range of 5285- 5450
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