After the long period of down trend Now market Moves to upside, After a long bearish session Market has shown its strength and today Sensex closed at 16,341.70 with the +200.03 up points or up by 1.24%. And the Nifty closed at 4,898.80 having +53.15 positive points or 1.10% up. Tomorrow Market may show its strength again.
In Nifty technically the market is in a typically sideways zone with 4800 as a strong support zone to work with and 4980 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 4980 else below the Support level of 4800 it would be down trend.
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