Bear was on prowl on the Monday. The Sensex declined 418.54 points to close at 17506, while the Nifty slipped 109 points to close at 5257.
Today market just followed the bearish trend as there was negative market news global market was weak so indian market follwed the trend.
In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 5205- 5300 and if it breaks the level 5205 then it would be go down and next support would be 5145 and if it breaks the level 5300 then would go higher and next resistance would be 5345 i.e nifty would vary between broad range of 5145- 5345
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