Today market is shown very much volatility on the intraday basis.However medium to long-term outlook for the markets is positive due to formation of stable govt. Derivative expiry in the coming week can play spoil sport and thus one must keep Sensex level of 13599 under watch as any breach of this level will mean that euphoria is going down and market will come to realistic levels. Sensex has support at 13599 with resistance to the up move is at 14215-14452.
Nifty Trend-
Nifty can touch 4800 levels and if market consolidates than it will do so in a range of 4150 and 4600.
Nifty has support at 4155-4140-3900 with resistance at 4350-4428- 4500- 4597-4650.
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