Today Market opened flat, witnessed a rally in the first half of the session which was short lived that lead the indices to close marginally in red. On the daily chart, it is observed that prices are unable to close above the short term 5-day EMA which indicates the bias is on the negative side. In coming trading session if indices sustain above 18,570 / 5,560 levels then they are likely to test 18,689 - 18,758 / 5,595 - 5,625 levels. However, on the downside if 18,429 / 5,515 level is breached then indices may test 18,271 / 5,470 levels.


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