Nifty likely to find strong support in 5600-5540 band - Microsec

After starting with a shaky session, the NSE-50 share index, benchmark Nifty fell to make a weekly low of 5604.85. However, some pullback rally to 5690 was witnessed on Friday. At last it ended the week with a net gain of 0.55%.

On the sectoral front, some buying interest was seen in Consumer durable, IT, PSU and Banking stocks. However, Realty, Auto, Oil & gas and Capital goods pack traded lower.

Now, Nifty is expected to get a strong support in 5600-5540 band in the short term.

Source : Equity Bulls

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