At The Start of this trading week market has gone up but today it has change its side and gone down side and shown result in red points, today Sensex closed at 18,502.38 with -151.49 down points or -0.81% negative. And the Nifty closed at 5,567.05 with -46.50 negative points or down by -0.83%.
On the other side in the Derivatives Nifty Futures: it closed with -52.55 down points and settle at 5,571.75 down by -0.93%. So over all market was down today and it may start with same 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 5650 as a strong resistance zone to work with.It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above the resistance level of 5650 it would be bullish trend.
RESISTANCE: It has first resistance close to the level of 5650 & above this level the next resistance is seen near the 5720 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5450 mark.
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