Indian markets are expected to open on a positive note tracking positive start to SGX Nifty and most Asian indices following Federal Reserve's announcement that they are not in a hurry to raise short-term interest rates though the unemployment rate has come down markedly.
The trend deciding level for the day is 19,346/ 5,833 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 19,454 19,614 / 5,863 5,909 levels. However, if Nifty trades below 19,346 / 5,833 levels for the first half-an-hour of trade then it may correct up to 19,186 19,078/ 5,787 5,756 levels.
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