A good start of the market in starting of the week with the green points, today Sensex closed at 18,412.41 with +171.73 up points or 0.94% up. And the Nifty closed at 5,526.60 with +55.35 up points or up by 1.01%. On the other side in the Derivatives Nifty Futures: it closed with +52.55 positive points and settle at 5,536.60 up by 0.96%. So over all market was bullish today and may start with same manner in next trading session.
After faceing huge bearish trend in last week Nifty is now going to recover from that and it has given result in green points, and may possible that it will be up in next trading session.
In Nifty technically the market is in a typically sideways zone with 5420 as a strong support zone to work with and 5630 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 5630 else below the Support level of 5420 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5630 & above this level the next resistance is seen near the 5710 mark.
SUPPORT: It has first support close to the level of 5420 & below this level the next support is seen near 5310 mark.
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