Market turned to sidelines after three consecutive bullish trading sessions which pushed the market up 4.6 %. The S&P CNX NIFTY closed at 5481.70, up 0.70 points or 0.01 %. The Indian VIX which is currently at 23.05 and it was up by 0.88 % or 0.20 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5494, up by 17.90 points or 0.33 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5450 it would be in a bearish trend.
RESISTANCE: 5566 & 5625.
SUPPORT: 5450 & 5400.
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