At the end of this trading week market has come down again today it has change its side and gone down side and given result in red points, today Sensex closed at 18,858.04 with -220.26 down points or -1.15% negative. And the Nifty closed at 5,660.65 with -68.30 negative points or down by -1.19%.
On the other side in the Derivatives Nifty Futures: it closed with -80.60 negative points and settle at 5,664.00 down by -1.40%. So over all market was down today and it may start with a positive manner in next trading session.
In Nifty technically the market is in a typically sideways zone with 5560 as a strong support zone to work with and 5765 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 5765 else below the support level of 5560 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5765 & above this level the next resistance is seen near the 5835 mark.
SUPPORT: It has first support close to the level of 5560 & below this level the next support is seen near 5490 mark.
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