Stock Market Outlook For Tomorrow 17-Feb

It was almost good trading session today. Markets recovered from the lows of the day and finally closed with moderate losses. Realty, power, capital goods and IT sectors were gainers of the day while metal and oil & gas came under selling pressure.

Global sentiments may continue to influence market behavior and could make it highly volatile. Two consecutive closings above 5,500 level have made the short term trend of the Nifty bullish. For Intraday trading tomorrow Nifty is having important resistance levels at 5550-5600, while on the downside support exists 5,450-5,420.