Markets opened on a flat note and traded with negative bias throughout the day to close in the negative territory
on lower volumes. The coming trading session is expected to trade sideways. Bullish pivot level for the day is
16135/4825, while the bearish pivot level is 16010/4780. If the market trades convincingly above 16135/4825
levels, then it is likely to test 16230 – 16275/4850-4870 levels. On the down side below 16010/4780 indices may
test 15890 – 15765 /4750-4710 levels.
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