After the crisis in Mumbai the Market shown its streanth and stay positive with result of green points. Today it was bullish in Sensex and Nifty and Bearish in Nifty Futures. Today Sensex closed at 18,618.20 with +22.18 up points or 0.12% positive. And the Nifty closed at 5,599.80 with +14.35 positive points or up by 0.26%.
On the other side in the Derivatives Nifty Futures: it closed with -14.65 down points and settle at 5,585.10 down by -0.26%. So over all market was bullish today except the Nifty Futures and it may start with a positive manner in next trading session.
In Nifty technically the market is in a typically sideways zone with 5500 as a strong support zone to work with and 5680 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 5680 else below the support level of 5500 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5680 & above this level the next resistance is seen near the 5760 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.
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