Indian market trades in small range - Fairwealth

Indian market traded in small range. Bse-Sensex closed at 19,427 up 51 points and Nifty closed at 6001 up 27 points, from the previous close. Bse Midcap and Bse small cap index closed with 0.07% up and 0.34% down respectively. Realty and FMCG appeared as top gainers. Advance-Declines ratio is is 669 against 841.

The Nifty has had a mixed trading session, has had a positive opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 6005 level while significant resistance at higher levels (6029) - would limit the upside. The outlook has turned positive again.

Source : Equity Bulls

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