After getting a good flow of the market in last week market has continuously going to up side till yesterday but today it has change its side gone down side and given result in red points, today Sensex closed at 18,744.56 with -69.92 down points or -0.37% down. And the Nifty closed at 5,632.10 with -18.40 down points or down by -0.33%.
On the other side in the Derivatives Nifty Futures: it closed with -14.20 negative points and settle at 5,651.65 down by -0.25%. So over all market was down today and it may start with same 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.
In Nifty technically the market is in a typically sideways zone with 5530 as a strong support zone to work with and 5740 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 5530 else above the Resistance level of 5740 it would be bullish trend.
RESISTANCE: It has first resistance close to the level of 5740 & above this level the next resistance is seen near the 5835 mark.
SUPPORT: It has first support close to the level of 5530 & below this level the next support is seen near 5450 mark.
Do you like this article? Share It!
My Blog List
-
-
9th September Free Stock Tips: Stock in News7 years ago
