Today Sensex closed at 18,384.90 with -9.39 down points or -0.05% down. And the Nifty closed at 5,521.05 with -5.80 down points or down by -0.10%. On the other side in the Derivatives Nifty Futures: it closed with -7.85 negative points and settle at 5,522.00 down by -0.14%. So over all market was down today and may start with same manner in next trading session.
After facing a bearish trend in last trading session Nifty is going downside continuously and giving the result in red points. After joying the bullish trend at the start of week the market has shown its volatility. Today it was down by -5.80 points and at last shown result in red points. Overall the whole market was bearish today and may be start in same manner tomorrow.
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 5440 as a strong support zone to work with and 5610 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 5610 else below the support level of 5440 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5610 & above this level the next resistance is seen near the 5640 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5410 mark.
Top Gainers of Today - Steel Authority, NTPC, Axis Bank Ltd, L & T, Bharat Heavy Ele, Sesa Goa.
Top Losers of Today -Jaiprakash Associates, Ambuja Cements Ltd, Bharat Petroleum, ONGC, IDFC, SBI.
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