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Markets traded in highly volatile fashion in the previous session and settled on a flat note as they were unable to gain strength on account of better than expected IIP nos. Nifty future consequently facing resistance around 5900 and is consolidating in a range since last few sessions on daily charts. It needs to sustain above 5900 to continue in strong zone while 5770 is seen as major support for it in coming sessions.TREND: SIDEWAYSSUPPORT : 5830 & 5780RESISTANCE: 5920 & 5960For More Details : http://goo.gl/QhqXMO
Nifty for next trading session would have the resistance of 5910 if it breaks this level than having the next resistance of 5955 and in down side having the support of 5820 if it breaks this level than having the next support of 5770.