The direction of movement in today's session will depend mostly on which side of the 5875 mark the market trades today. Above this mark it will remain bullish with immediate resistances at 5884, 5917 and 5976.
The 5976 might act as a strong resistance in this case.
On the other hand, if the benchmark chooses to trade below the 5875 mark, then the immediate supports are at 5864, 5850 and 5813. 5794 should act as a support but if this level is breached then fresh shorts may be built.
The intra-day traders are advised to trade accordingly, i.e. open longs above 5875 and shorts below 5875 keeping the above key points in mind for booking profits. However, all shorts may be exited with stop loss at 5985 and all longs may be exited with stop loss at 5764.
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