Nifty witnessed a range bound movement today and in the end closed marginally in green. Overall it was a positive consolidation for the market & the up trend remain intact for a while. The next crucial hurdle for Nifty Futures seems to be at the level of 5500. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. The immediate support for it seems to be at the levels of 5400 to 5405. After it Nifty may get the short term support close to the level of 5350.
Sensex is holding the higher levels, today it was overall the positive consolidation for Sensex. The next resistance for it seems to be in the zone of 18310 to 18340. Decisive closing above this resistance zone may lead it towards the level of 18800 in near run. The immediate support for it seems to be around the levels of 17820 to 17850.
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