Explain Markets to open flattish following mixed global peers. Nifty Fut would consolidate & trade rangebound 5090-5144 in 1st half with mixed bias till RBI policy is announced. Expect movements throughout the day to be extremely volatile & choppy on A/c of F&O expiry too.
Now 5085-5090 is a decent support area.
If holds 5085 & sustains above 5144, expect pullback upto 5185/5210++ area.
If breaks & sustains below 5085, could witness fall upto 5035/4997.
Key Nifty Futures Levels :
Supports : 5085 & 5045.
Resistance : 5144 & 5174.
Probable Trading Range : 5045 - 5174
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