RBI disappointed the markets by keeping CRR and REPO unchanged to 4.75% and 8% respectively.Nifty nosed down to settle at 5068.85 by shedding 70.2 points and Sensex tumbled by 237.14 points to close at 16712.69.
Among BSE sectoral indices, only Consumer durable index closed into positive. Bankex was the worst hit by 3.16% followed by Realty 2.8%. In Nifty50 stocks, just 5 stocks gained today.Powergrid was the top gainer by 1.23%,ended at 107.35 and DLF was the top loser by 4.72%, ended at 187.55.LITL was the turnover topper by the traded quantity and SBIN was by the traded value.
Advance/Decline ratio was 2.42:1 as 1009 stocks declined and 417 stocks gained today on NSE.
Nifty Overview :
In our previous blogs we insisted to book profits around 5200 and go long only if Nifty sustains above 5210.Nifty resisted at the level of 5210 and closed below it's important level of 5090. Technically speaking, as of now unless and untill Nifty crosses 5210 mark, don't consider bullishness on the counter.
Immediate Support : 4990
Immediate Resistance : 5090
Global Markets :
Nikkei : +151.7
Hang Seng : +193.87
FTSE : +25.09
CAC : +12.34
DAX : +50.78
Dow Futures : -20.00
Nasdaq Futures : +2.00
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