Nifty may trade between 8510-8530: Indira Securities

Indira Securities’ Market Report:

Indian equity markets made a slightly choppy start of the final month of the year, bourses kept moving in and out of the red zone throughout the trading session before finally witnessing some profit booking. Earlier the start was on a positive note with local bourses bucking Asian market trends moved higher, reacting to the better than expected GDP data for the second quarter announced late Friday. The economy slowed in second quarter at 5.3 per cent from 5.7 percent in the previous April-June quarter, dragged down by the poor performance of the manufacturing sector.

For today's trade market is likely to trade in the range between 8585 – 8610 in the upper side and 8530 – 8510 in the lower side.

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