Nifty has resistance at 5120: HDFC Securities

HDFC Securities research report

Today, the Indian Markets could open flat to marginally in the green but could run into resistance at higher levels. Volatility is expected to remain throughout the session ahead of the derivatives expiry on Thursday. Nifty has a stiff resistance at 5120, while the immediate support is at 5060. Among the sectoral indices, Banks & Oil & Gas are looking weak & could underperform, while Consumer durables is looking good.

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