The Market was going down side till yesterday but today it has changed its side and recovered from the previous bearish trend and shown result in green points, today Sensex closed at 18,722.30 with a jump of +286.11 positive points or 1.55% up. And the Nifty closed at 5,633.95 with +92.35 positive points or up by 1.67%.
On the other side in the Derivatives the same result held with Nifty Futures: it closed with +97.40 up points and settle at 5,641.60 up by 1.76%. So over all market was bullish today and it may start with the same manner in next trading session.
In Nifty technically the market is in a typically sideways zone with 5530 as a strong support zone to work with and 5720 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 5720 else below the support level of 5530 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5720 & above this level the next resistance is seen near the 5790 mark.
SUPPORT: It has first support close to the level of 5530 & below this level the next support is seen near 5500 mark.
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