Today Market opened on a flat note and traded in a very narrow range during the first half of the session. But in the second half, selling pressure with higher volumes intensified mainly in Realty, Power, FMCG and Banking counters which dragged indices to close near day`s low. Also, indices have breached the upward sloping trend line. On the downside, the near term support levels are at 18,050 - 17,800 / 5,400 - 5,350 and resistance is at 18,340/5,500 levels.
