Today Sensex closed at 17,847.24 with -164.73 negative points or -0.91% down. And the Nifty closed at 5,348.95 with -45.90 negative points or down by -0.85%.
On the other side in the Derivatives Nifty Futures: it closed with -39.85 negative points and settle at 5,348.00 down by -0.74%.
So over all market was bearish today and may start in a same manner in next trading session. Overall the whole market was bearish after the smmall jump of yesterday.
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.
Technically the market is in a typically sideways zone with 5280 as a strong support zone to work with and 5410 as a strong resistance zone to work with.
It is looking bearish in the coming trading session if it manages to trade below the Support level of 5280 else above 5410 it would be a upward trend.
RESISTANCE: It has first resistance close to the level of 5410 & above this level the next resistance is seen near the 5480 mark.
SUPPORT: It has first support close to the level of 5280 & below this level the next support is seen near 5250 mark.
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