After a Small bullish trend of yesterday the market has continuously going upward and today Sensex closed at 17,727.49 with +176.86 up points or 1.01% up. And the Nifty closed at 5,320.00 with +41.70 up points or up by 0.79%. On the other side in the Derivatives Nifty Futures: it closed with +35.75 negative points and settle at 5,319.00 up by 0.68%. So over all market was bullish today and may start with same manner in next trading session.
After facing huge bearish trend at the starting of this week, Nifty is now going to recover from that and continuously next day 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 5210 as a strong support zone to work with and 5450 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 5450 else below the Support level of 5210 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5450 & above this level the next resistance is seen near the 5530 mark.
SUPPORT: It has first support close to the level of 5210 & below this level the next support is seen near 5150 mark.
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