Market Outlook: Market witnessed selling pressure and ended in - TopicsExpress

Market Outlook: Market witnessed selling pressure and ended in red. Buying was seen in FMCG and Oil & Gas sector while Banking and Realty counters witnessed selling pressure. Nifty: Market witnessed selling pressure across the board and ended in red. Nifty is expected to trade in the range of 5900 on the lower side and 6000 on the higher side amid high volatility. The 50 DMA at 5920 will act as a strong support for Nifty. Resistance for Nifty is seen at 6000/6020 and a close above this will further extend the rally up to 6100/6120 levels.

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