The market has come in its form again today it has change its side gone up side and given result in green points, today Sensex closed at 19,078.30 with +351.33 up points or 1.88% positive. And the Nifty closed at 5,728.95 with +103.50 positive points or up by 1.84%.
On the other side in the Derivatives Nifty Futures: it closed with +104.35 positive points and settle at 5,741.00 up by 1.85%. 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 5630 as a strong support zone to work with and 5850 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 5850 else below the support level of 5630 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5850 & above this level the next resistance is seen near the 5915 mark.
SUPPORT: It has first support close to the level of 5630 & below this level the next support is seen near 5550 mark.
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