Indian equity market started off the truncated week on a sloppy note

Sensex ended with a gain of 13 points at 24,659. The  Sensex opened at 24,655 touched an intra-day high of 24,793 and low of 24,509.The  Nifty closed at 7,485. The  Nifty opened at 7,486 hitting a high of 7,527 and low of 7,442. After enjoying the best weekly gains in the previous week, the Indian equity market started off the truncated week on a sloppy note. Indices, which had opened with gains were unable to carry forward the momentum as selling pressure in the banking, financials and IT stocks dragged the indices to close with marginal losses snapping a four-day winning streak. Nifty continued the bullish momentum to close at 7485. So today on upside first resistance is at 7519-24 level.Next resistance are at 7547-52,7578-83,7610. On downside first support is at 7451-46 level.Next support are at 7423-18,7392-87,7358-53. Cairn India, Hindalco, Vedanta, Lupin, GAIL, RIL, HDFC, Adani Ports and ITC were among the gainers , whereas Bank of Baroda, Maruti Suzuki, HCL Tech, HUL, SBI, Kotak Bank and PNB were among the losers today.