Nifty witnessed a high volatile session today & in the end made closing with marginal gain. In the upside still 5550 is the major resistance & closing above this resistance may guide Nifty Future towards the level of 5700 in near run. In the downside the intraday support seems to be in the zone of 5400 to 5410. Closing below this support may slip nifty future till the level of 5350 in near run. For trading we already recommend buy on dips until it close below 5350 for the targets of 5600,5700 in near term.

Bank Nifty Future made a strong come back from the lower levels & now is looking strong for some more movement on the upper side. In the upper side it might move towards the level of 11100 to 11110 which is the short term resistance zone for bank nifty future. Decisive closing above this resistance zone may lead the bank nifty future for the level of 11500 in short term.

Sensex witnessed a volatile session but it is still holding upper levels. In the upside the next resistance zone for Sensex seems to be at the levels of 18450 to 18500. Decisive closing above this resistance zone may take it up till the level of 18800 in near run. In the downside it is getting the short term support in the zone of 17800 to 17850. Decisive closing below this support may drag it till the lower level of 17400 in near term.

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