Nifty is expected to face stiff resistance at 5850 - Microsec

Last week Nifty started to trade with a green session. Thereafter it fell to make a weekly low of 5318.90 on Wednesday. However a sharp pullback rally was witnessed from Thursday and Nifty rose to make a high of 5688.60 on Friday. At last it ended the week with a net gain of 3.81 percent.

On the sectoral front, Banking, PSU, Metal, Oil & gas and Capital goods stocks were on the buyers' radar. However, IT stocks traded lower. Now, Nifty is expected to face a stiff resistance near 5850.

Source : Equity Bulls

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