Again as we have perfectly predicted the Market moved down side again according to that. Today the Market start with a Negative mode and touched the level Friday's closing level of 5211 and then it fall back to 5050. Then it recover from that level, but whole day it suffer from that down trend. Today Sensex closed at 16,990.18 with -315.69 down points or -1.82% down. And the same thing happen with the Nifty also. Nifty closed with -92.75 negative points or down by -2.26% and settle at 5,118.50.
Nifty showed selling pressure from resistance near 5100 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5110 levels. Volatility may be continuing for next few days. For daily purpose, trend deciding level is at 5120. If Nifty shows strength above 5120 levels, then rally to 5,230/5,270 levels may be seen. If Nifty stay below the level of 5,120 levels then selling pressure till 5,030/5000 levels may also be seen.
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