Today Sensex closed at 18,141.40 with +55.20 positive points or 0.31% up. And the Nifty closed at 5,428.10 with the +7.50 positive points or 0.14% up.
On the other hand in the Derivatives Nifty Futures: it closed at 5,429.50 with the +5.45 positive points or 0.10% up.
On the other hand in the Derivatives Nifty Futures: it closed at 5,429.50 with the +5.45 positive points or 0.10% up.
So over all market is bullish today and may stay in a same condition in coming trading session.
Technically the market is in a typically sideways zone with 5350 as a strong support zone to work with and 5535 as a strong resistance zone to work with, the market unfolded as expected and has closed right on dot 5440. Now we are at Make or Break level and if it cracks now then next stop around 5350 or could just bounce back.
It is looking bullish in the coming trading session if it manages to trade below the support level of 5350 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5310 mark.
Technically the market is in a typically sideways zone with 5350 as a strong support zone to work with and 5535 as a strong resistance zone to work with, the market unfolded as expected and has closed right on dot 5440. Now we are at Make or Break level and if it cracks now then next stop around 5350 or could just bounce back.
It is looking bullish in the coming trading session if it manages to trade below the support level of 5350 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5310 mark.
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