As we have predicted the Market moved down side again. Today the Market start with a positive mode and touched the level of 5463 but can't hold the same position and than it fall back. Today Sensex closed at 17,940.55 with -169.34 down points or -0.94% down. And the Nifty closed at 5,404.80 with -51.75 negative points or down by -0.95%.
Nifty showed selling pressure from resistance near 5,400 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5,400 levels. Volatility may be continuing for next few days. For daily purpose, trend deciding level is at 5,420. If Nifty shows strength above 5,420 levels, then rally to 5,500/5,550 levels may be seen. If Nifty stay below the level of 5,400 levels then selling pressure till 5,350/5,300 levels may also be seen.
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