Yesterday market opened higher, traded with choppiness throughout the day to finally close on a flat note. On the daily chart, it is observed that prices have closed below the short term 5-day EMA which reflects negative sentiments in the market. In coming trading session upside momentum would resume only if indices trade above 18,645 / 5,587 levels. Then Indices may test 18,758 - 18,810 / 5,625 - 5,650 levels. On the downside 18,367 - 18,271 / 5,500 - 5,470 is a support zone in the short term.
