Today Sensex closed at 18,044.64 with +197.40 positive points or 1.11% up. And the Nifty closed at 5,412.35 with +63.40 positive points or 1.19% up.
On the other side in the Derivatives Nifty Futures: it closed with +63.10 positive points and settle at 5,412.55 up by +1.18%.
So over all market was bullish today and may start with same manner in next trading session. Overall the whole market was bullish today after facing a big fall of yesterday, at least after starting days the market shown the positivity Today.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit. Trade in Intraday positions and if you get 30-50 points up that will be a right time to pull out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5360 as a strong support zone to work with and 5510 as a strong resistance zone to work with.
It is looking bullish in the coming trading session if it manages to trade above Resistance level of 5510 else below 5360 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5510 & above this level the next resistance is seen near the 5600 mark.
SUPPORT: It has first support close to the level of 5360 & below this level the next support is seen near 5320 mark.
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