At The Start of this trading week market has gone up today and shown result in green points, today Sensex closed at 18,653.87 with +146.83 up points or 0.79% positive. And the Nifty closed at 5,613.55 with +46.50 positive points or up by 0.84%.
On the other side in the Derivatives Nifty Futures: it closed with +46.25 positive points and settle at 5,619.00 up by 0.83%. So over all market was bullish today and it may start with same manner in next trading session.
In Nifty technically the market is in a typically sideways zone with 5520 as a strong support zone to work with and 5730 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 5730 else below the support level of 5520 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5730 & above this level the next resistance is seen near the 5770 mark.
SUPPORT: It has first support close to the level of 5520 & below this level the next support is seen near 5480 mark.
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