Sensex: sensex was not able to close above 18259 still it is a very good close as it closed near to its day high that suggests that at the end of the day all selling near highs was consumed successfully we need a confirmation of the uptrend and we will get it after sensex closes above 18439.
Support for today is at 18041 and resistance at 18259 and 18354.
Nifty: for nifty first intraday hurdle was 5442 and nifty crossed that level very early in the day and next level was a close above 5483 and nifty closed at 5481 that shows the precise importance of suggested resistance level.
The days candle is big positive so next immediate target should be a close above 5537 and if that happens in next two days the ADX which turned up INITIALLY showing increase downside momentum BUT it will continue its up ward journey in tune with the INCREASING upside momentum.
Support at 5428 and resistance at 5510.
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