Today Sensex closed at 18,011.97 with +18.64 positive points or 0.10% up. And the Nifty closed at 5,394.85 with +8.30 positive points or 0.15% up.
On the other side in the Derivatives Nifty Futures: it closed with +10.45 positive points and settle at 5,393.90 or 0.19% up. So over all market is bullish today and may start in a same manner in coming trading session.
Overall the whole market was bullish after the Negative starting of the week and facing a bearish trend at the start of this week.
As the Market showing ups and downs in last trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit.
Technically the market is in a typically sideways zone with 5350 as a strong support zone to work with and 5440 as a strong resistance zone to work with.
It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5440 else below support level of 5350 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5520 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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