Technically, Nifty spot has landed on important support of 5,650 mark and a pullback rally could be possible if global cues help. Market looks oversold and expected to trade within a range of 5,650 and 5,800 mark till expiry. But since the trend is weak, the sentiments could deteriorate further if Nifty spot breach 5,650 level. A breach of 5,650 level will unfold next positional target of 5,550 & 5,440 levels.
The Sensex has supports at 18,660 and 18,580 and resistances at 18,890 and 19020. The Nifty spot has supports at 5,620 and 5,590 and resistances at 5,700 and 5,740.
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