Today Sensex closed at 18,608.81 with +105.53 positive points or 0.57% up. And the Nifty closed at 5,592.00 with +31.85 positive points or up by 0.57%.
On the other side in the Derivatives Nifty Futures: it closed with +37.60 positive points and settle at 5,592.50 up by 0.68%. So over all market was bullish today and may start with same manner in next trading session.
After getting a good bullish trend yesterday Nifty continuously showing its strength and giving result in green points. Overall the whole market was bullish today and continuously going up side.
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 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 5500 as a strong support zone to work with and 5670 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above Resistance level of 5670 else below 5500 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5710 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5470 mark.
Top Gainers in Nifty : RelianceCommu.Ltd, Reliance Capital, NTPC, Ambuja Cements Ltd., Steel Authority, L & T, Bharti Airtel.
Top Losers in Nifty : Ranbaxy Labs, Sun Pharma, Tata Motors Ltd., Tata Steel, DLF Ltd, Bajaj Auto Ltd,
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