Today Sensex closed at 18,376.48 with -117.70 down points or down by -0.64%. And the Nifty closed at 5,516.75 with -33.60 down points or down by -0.61%. On the other side in the Derivatives Nifty Futures: it closed with -24.65 negative points and settle at 5,533.80 down by -0.44%. So over all market was down today and may start with same manner in next trading session. After getting a good bullish trend in starting of this week Nifty is continuous going down. Today it fall by -41.65 points and at last shown result in red points. Overall the whole market was bearish today and may be start in same manner on Monday.
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 and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5450 as a strong support zone to work with and 5620 as a strong resistance zone to work with.It is looking bearish in the coming trading session if it manages to trade below the support level of 5450 else above 5620 it would be a upward trend.
RESISTANCE: It has first resistance close to the level of 5620 & above this level the next resistance is seen near the 5660 mark.
SUPPORT: It has first support close to the level of 5450 & below this level the next support is seen near 5420 mark.
Top Gainers in Nifty :RelianceCommu.Ltd, Reliance Capital, L & T, Sesa Goa.
Top Losers in Nifty :HDFC, Hindalco, Axis Bank, Jaiprakash Associates.
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