Nifty Watch:- Today nifty open gap up at 5470 with a gain of 47 points, And remain in a range between 5450-5510, finally in the last trading hour Nifty faces a decline of 80 points and closed at 5429, very near to last day close.
Trend:- Today’s market shows an intermediate downtrend. Forming pattern of lower highs - lower lows and also market is trading below its 200 days and 50 days moving average.
TA Insync is now oversold. Thus we can expect a relief rally soon enough.
Level:- Looking for support first at 5380 and then at 5350. The resistance comes at 5510.
Summary:- Today’s market shows some bullishness at its start but at the end it closed near to previous day closed.
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