The Market has shown its volatility today. Today Sensex closed at 18,132.24 with -173.57 down points or -0.95% down. And the Nifty closed at 5,447.50 with -53.00 down points or down by -0.96%.
On the other side in the Derivatives Nifty Futures: it closed with -63.15 negative points and settle at 5,452.65 down by -1.14%. So over all market was bearish today and may start with same manner in next trading session.
After facing a little bullish trend in last trading session Nifty is now showing its volatility and may posible that it will be down in next trading session.
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 5370 as a strong support zone to work with and 5550 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 5370 else above the resistance level of 5550 it would be bullish trend.
RESISTANCE: It has first resistance close to the level of 5550 & above this level the next resistance is seen near the 5600 mark.
SUPPORT: It has first support close to the level of 5370 & below this level the next support is seen near 5330 mark.
Do you like this article? Share It!
My Blog List
-
-
9th September Free Stock Tips: Stock in News7 years ago
