The Nifty is broadly range bound between 5,840 and 5,930, it keeps consolidating between this range and we see stock specific action in the midcap or certain sector specific stocks. The Nifty is correcting slowly and buying is coming in at lower levels, hence until we are above 5,840 traders should have a positive bias.
Nifty Future closed on positive note after last few days of consolidation at 5,860 level. It finished off at 5,928.90 at highest point of the day with a long legged hammer kind of candle.
The Sensex has supports at 19,270 and 19,150 and resistances at 19,500 and 19,620. The Nifty spot has supports at 5,875 and 5,840 and resistances at 5,935 and 5,965.
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