At The Start of this trading week market has come down today it has continuously gone down side and given result in red points, today Sensex closed at 18,411.62 with -309.77 down points or -1.65% negative. And the Nifty closed at 5,526.15 with -89.95 negative points or down by -1.60%.
On the other side in the Derivatives Nifty Futures: it closed with -89.60 negative points and settle at 5,527.45 down by -1.60%. So over all market was down today and it may start with a positive manner in next trading session.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. Trade in Intraday positions. 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.
RESISTANCE: It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5705 mark.
SUPPORT: It has first support close to the level of 5430 & below this level the next support is seen near 5380 mark.