The
Nifty closed at 5,926 , up 22.05 points
It touched a high of 5,962.and a low of 5,867 in trade today .The
ground is being well prepared for a volatile range-bound trading scenario. The
market has reached the levels close to the strong supply zone—the levels beyond
5900 are likely to act as a major supply zone. As it is, supply pressure is
going to be there for any move above the 5900-mark today and on top of that the
range between 5920 and 5940 is a major resistance area that the bulls need to
take out successfully however, the task is not so easy since crossing the above
range and bulls would face supply pressure again around the 5950-mark ....