Hey!!! Hi all,
The market was not good this week, investors and traders had seen much ups and down this week. The picture looked bleak across the board and all major sectoral indices closed in the red. Every thing was down... .The numbers are following : The Sensex and Nifty both lost 2% and the CNX midcap index closed with 0.7% loss. The Bank Nifty lost 1%, BSE IT was down 4.3% and BSE Auto closed with 1.5% loss.
Nifty future Trend:-
The Nifty futures closed and settled finally at 5372.70 down by -29.70 points or -0.55 %. Technically market seems to be bearish in the coming trading session if it manages to trade below the support level of 5310 else above resistance level of 5440 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5230 mark.
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