Today Market has continuously gone down side and given result in red points, today Sensex closed at 18,726.97 with -17.59 down points or -0.09% down. And the Nifty closed at 5,625.45 with -6.65 down points or down by -0.12%.
On the other side in the Derivatives Nifty Futures: it closed with -15.10 negative points and settle at 5,636.00 down by -0.27%. 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 5520 as a strong support zone to work with and 5725 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 5725 else below the support level of 5520 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5725 & above this level the next resistance is seen near the 5810 mark.
SUPPORT: It has first support close to the level of 5520 & below this level the next support is seen near 5450 mark.
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