After the bullish trend of yesterday the markets opened on a strong note today, Nifty touch the level of 5737 mark for the first time in two months. But it couldn't hold the same position. Today Sensex closed at 18,518.22 with -353.07 down points or -1.87% down. And the Nifty closed at 5,574.85 with -105.45 negative points or down by -1.86%. And it will open in a same manner tomorrow.
In Nifty technically the market is in a typically sideways zone with 5470 as a strong support zone to work with and 5660 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 5470 else above the resistance level of 5660 it would be bullish trend.
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