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Markets continued its bullish momentum with good volumes and closed on a strong note near to their crucial resistance levels. Nifty future closed above its 100 day EMA of 5775. On daily charts, if bulls remain active then it will face strict resistance of 5870 around the trend line coming from previous highs. However, if it is unable to sustain on psychological mark of 5800 then support range is seen near 5730-5680.TREND: SIDEWAYSSUPPORT : 5730 & 5680RESISTANCE: 5820 & 5870
Well, I believe if someone is new to stock exchange, he/she should get some experts advice. It is always better to go to some expert, talk to him/her to get great knowledge. Good Newsletters are also quite helpful in this regard.
Weekly Support: 5800/5680Resistance: 5970/6070Crucial Point: 5800Close: 5887.75