SECOND
HALF BETTER
Nifty
8248 +2
Nifty
traded in a narrow range with bearish bias for most part of the day
and recovered sharply towards close of the day to close flat for the
day recouping the intraday losses. Nifty needs to close above 8285 to
get out of the present narrow movement and become bullish.
Nifty spot is expected to encounter resistance at 8290,, 8325 and
find support at 8210, 8175 for Wednesday. While Global
cues and Funds flow are expected to broadly guide
the market movement, based on the present market position, market
is expected to witness volatile movements in the forenoon and it
could recover / remain generally better in Second half of the day.
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