Today Sensex closed at 18,309.60 with +43.57 up points or 0.24% up. And the Nifty closed at 5,500.50 with +17.70 up points or up by 0.32%. On the other side in the Derivatives Nifty Futures: it closed with +17.60 positive points and settle at 5,516.10 up by 0.32%. So over all market was bullish today and may start with same manner in next trading session.
After facing a bearish trend in last trading session Nifty is now showing its strength and may posible that it will be up in next trading session. After facing the bearish trend at the start of week the market has shown its volatility and today it has given result in green points.
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 5430 as a strong support zone to work with and 5590 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 5590 else below the support level of 5430 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5640 mark.
SUPPORT: It has first support close to the level of 5430 & below this level the next support is seen near 5400 mark.
Top Gainers of Today - Reliance Infrastruct, Axis Bank Ltd, Bajaj Auto Ltd, Reliance Capital, Jindal St & Pwr, Sun Pharma
Top Losers of Today- Tata Motors Ltd, Hindalco Indus, IDFC, Reliance Inds, Cipla.
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