Markets Outlook for Tomorrow 06-March

Markets are likey to be highly volatile in the month of March as important data and events are lined up during this month. Tomorrow, on March 6, UP poll results will be declared which will influence the market sentiments. For Nifty tomorrow important support exists at 5,210 and then 5,170-5,160, while resistance levels can be placed at 5330-5375. Wait and watch would be the best approach to take. Volatility may rise in the coming days as market reacts to a spate of key events such as IIP and inflation data, RBI`s policy meet, Union Budget and advance tax numbers.