Nifty has been trading in the narrow range of 18,500-18,700 in the last two weeks. Breakout from this range on either side is expected to give a directional move in the Nifty. Small cap index seems to have paused the rally which was there for the last 10 consecutive weeks. Intraday resistance for Nifty is seen at 18,605. The trend of the Nifty is range bound with a negative bias for today’s session.

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