After getting a good flow of the market in this week market has gone down today and given result in red points, today Sensex closed at 18,762.80 with -83.07 down points or -0.44% down. And the Nifty closed at 5,627.20 with -20.20 down points or down by -0.36%.
On the other side in the Derivatives Nifty Futures: it closed with -17.20 negative points and settle at 5,638.20 down by -0.30%. So over all market was bearish today and it may start with a positive manner in next trading session.
After facing a good bullish trend today the market has gone down and not able to maintain the same position of yesterday and it has given result in red points, and it will be hopping that the market will open with a positive node 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 5740 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 5740 else below the Support level of 5530 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5740 & above this level the next resistance is seen near the 5820 mark.
SUPPORT: It has first support close to the level of 5530 & below this level the next support is seen near 5440 mark.
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