Today Sensex closed at 18,495.62 with +75.51 points up or up by 0.41%. And the Nifty closed at 5,556.15 with +24.10 up points or up by 0.44%. On the other side in the Derivatives Nifty Futures: it closed with +28.80 positive points and settle at 5,563.00 up by 0.52%. So over all market was bullish today and may start with same manner in next trading session.
After facing a small bullish trend in last trading session Nifty is going continuously upside getting the position in green points and it is a good sign for next trading session. Today it up by +24.10 points and at last shown result in green points. Overall the whole market was bullish today and may be start in same manner tomorrow.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5480 as a strong support zone to work with and 5630 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5630 else below the 5480 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5630 & above this level the next resistance is seen near the 5660 mark.
SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5440 mark.
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