Panic on द लाल street.Nifty ended below 5k mark, Sensex at 16500

Blood bath on the D Lal street, Nifty fell to 4983.60 broke yesterday's low and ended at 4986.20 losing 127.95 points. Sensex made investors senseless after shedding 404.83 points today and closed at 16507.88.
Now next support for spot Nifty is 4880 and 4755. Momentum traders should go long if spot Nifty crosses 5025 for the immediate target of 5050 and 5072. Nifty has tested level of 19 Jan.2012.


All BSE Sectoral Indices closed into negative. Capital Goods' index was the top loser by 3.44% fall followed by IT(3.09%).
In Nifty50 stocks, Hindalco was the top gainer by 1.51% and ended at 117.4 whereas JPAssociat was the top loser by 8.77% and ended at 63.45.
LITL was the turnover topper by the quantity traded and SBIN by the traded value.
Advance/Decline ratio was negative in the ratio of 2.24:1 as 986 stocks declined and 441 stocks gained today on NSE.


Major Global Indices :


Nikkei : +62.51
Hang Seng : -51.9
FTSE : -12.97
CAC : -55.58
DAX : -51.54
Dow Futures : -70.00
Nasdaq Futures : -18.00