The levels of 10,395 and 10,450 will play out as immediate resistance area for the index.
Very important for the market to crawl back above the 100-DMA mark to be in safe zone.
On Monday,10,500 and 10,565 levels should play out as immediate resistance for Nifty50.
No major show is expected from PSU banks, public sector enterprises & energy stocks.
Tread the market with caution and avoid taking lopsided exposures with either directional bias.
The vulnerability of Nifty around the support zone of 10,480-10,500 level is a cause of worry.
Levels of 10,570 and 10,635 will act as immediate resistance area for Nifty on Wednesday.
Nifty is likely to see the 10,565 and 10,630 levels playing out as immediate resistance area on Monday.
The two weeks that have gone by have seen Nifty shave off 614 odd points.
The levels of 10,635 and 10,680 will play out as immediate resistance levels for Nifty.
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