May inflation at 9.06% vs 8.66%(MoM)
Trading range for today was given between 5450-5520 and nifty traded within this range at upper band within 5484.20-5520.15 upto 12:00 noon today.
Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.
Trading range for today was given between 5450-5520 and nifty traded within this range at upper band within 5484.20-5520.15 upto 12:00 noon today.
Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.