As expected did have a range-bounded day today. After a positive start for the day, nifty did trade in a range-bounded zone for the entire day.  Nifty did react on the levels we provided yesterday 18665 was the high formed and the level we suggested was 18862 and the day low on Nifty was also formed on the levels which were provided yesterday.

And the levels for tomorrow would be 18692,18665,18639,18627,18612,18588.

As far as tomorrow we expect the trend to continue in an upward direction unless NIFTY breaks today’s low of 18588 and trades above 18665 could move the nifty towards 18692 levels and above

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