As we have perfectly predicted the Market moved down side again according to that. Today the Market start with a positive mode and touched the level of 5474 but can't hold the same position and than it fall back and whole day it suffer from that down trend. Today Sensex closed at 17,693.18 with -247.37 down points or -1.38% down. And the Nifty closed at 5,331.80 with -73.00 negative points or down by -1.35%.
Nifty showed selling pressure from resistance near 5,350 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5,330 levels. Volatility may be continuing for next few days. For daily purpose, trend deciding level is at 5,350. If Nifty shows strength above 5,350 levels, then rally to 5,430/5,470 levels may be seen. If Nifty stay below the level of 5,350 levels then selling pressure till 5,270/5,230 levels may also be seen.
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