After a huge fall of yesterday now the market starting to recover from it and today Sensex closed at 17,560.30 with +53.67 up points or 0.31% up. And the Nifty closed at 5,275.85 with +17.95 up points or down by 0.34%.
On the other side in the Derivatives Nifty Futures: it closed with +16.05 negative points and settle at 5,276.10 up by 0.31%. So over all market was bullish today and may start with same manner in next trading session.
After facing huge bearish trend in last some trading sessions Nifty is now going to recover from that and today it has given result in green points, and may possible that it will be up 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. Trade in Intraday positions. 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 5220 as a strong support zone to work with and 5370 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 5370  else below the support level of 5220 it would be down  trend.

RESISTANCE: It has first resistance close to the level of 5370 & above this level the next resistance is seen near the 5450 mark.

SUPPORT: It has first support close to the level of 5220 & below this level the next support is seen near 5150 mark.

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