TODAYS OUTLOOK

TODAYS OUTLOOK:


Trading Range
The Nifty opened at 5689.70, moved up to an intra-day high of 5710.80, declined to an intra-day low of 5554.85 and closed at 5565.25.

Review
The Nifty had a mixed trading session. It opened negative, has moved both ways and has come off from its intra-day high after receiving selling pressure at higher levels. It finally ended sharply in negative territory on higher volume.

Outlook
Volatility may continue. An intra-day downside seems possible below the 5562 level while significant support at lower levels of 5510 may limit the downside. Our outlook for the day is neutral. We expect resistance at the 6005+ level and support at the 5510 level.


FOR V.S.S. SECURITIES
ADITYA VIKRAM SINGH
+919821521234
http://www.vss-securities.com/