Today Sensex closed at 18,394.29 with -101.33 down points or -0.55% down. And the Nifty closed at 5,526.85 with -29.30 down points or down by -0.53%. On the other side in the Derivatives Nifty Futures: it closed with -29.70 negative points and settle at 5,533.00 down by -0.53%. So over all market was down today and may start with same manner in next trading session.
After facing a small bullish trend in last trading session Nifty has gone downside and given the result in red points. After joying the bullish trend the market has shown its volatility. Today it was down by -29.30 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 5610 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 the 5610 it would be a bullish trend.
RESISTANCE: It has first resistance close to the level of 5610 & above this level the next resistance is seen near the 5640 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 of Today - RelianceCommu.Ltd, GAIL (India) Ltd, Bharat Petroleum, Hindustan Unilever, NTPC, Reliance Capital.
Top Losers of Today -Hero Honda Motor, Sun Pharma, ONGC, Hindalco Indus, Siemens Ltd, Dr. Reddy's Labs.
Do you like this article? Share It!
My Blog List
-
-
9th September Free Stock Tips: Stock in News7 years ago
