Today Sensex closed at 18,494.18 with -114.63 negative points or down by -0.62%. And the Nifty closed at 5,550.35 with -41.65 down points or down by -0.74%. On the other side in the Derivatives Nifty Futures: it closed with -27.45 negative points and settle at 5,563.00 down by -0.49%. So over all market was down today and may start with same manner in next trading session. After getting a good bullish trend yesterday Nifty has fall by -41.65 points and at last shown result in red points. Overall the whole market was bearish today and may be start in same manner tomorrow.
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 5460 as a strong support zone to work with and 5640 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 5460 else above 5640 it would be a upward trend.
RESISTANCE: It has first resistance close to the level of 5640 & above this level the next resistance is seen near the 5700 mark.
SUPPORT: It has first support close to the level of 5460 & below this level the next support is seen near 5430 mark.
Top Gainers in Nifty : Hindustan Unilever, Steel Authority, Bajaj Auto Ltd., Sun Pharma., ITC Ltd., Reliance Inds.
Top Losers in Nifty :Reliance Infrastruct, RelianceCommu.Ltd, Sesa Goa, ICICI Bank, Tata Motors Ltd, Reliance Capital
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