MUMBAI: Indian markets were witnessing a lacklustre session as one-day bandh by opposition political parties in protest to fuel price hike kept most of the investors out of action. Mixed cues from Asian markets also kept the bulls under check.
“We see Nifty spot to trade around 5225-5220 in opening trade. If Nifty spot is able to cross the 5260 level we could see some support buying to initiate in market.
Nifty spot has resistance at5260-5280. Above 5280 we can see some comfort in market and it could move till 5295. The index has supports at 5220-5203. Below that we may see some selling pressure in market and it could slide lower till 5180,” said Arihant Capital Market.
Source:economictimes.indiatimes.com
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