Nifty ended below 5950 first time in the year 2013.
Infy the IT giant declared its Q3 results which were flat (2369 cr Vs 2369 cr QoQ basis), ET now poll expecting around 2250 cr and this thing gave a fantastic 2 digit % jump for the stock in opening session which lead to 17.04% on closing note. Spot Nifty ended at 5943.55 down by 25.1 points whereas Sensex lost 24.21 points to end at 19639.34. Among BSE sectoral indices, IT gained the most by 9.34% followed by BSE Teck and FMCG was the top loser by 2.47%.
In Nifty50 stocks, Infy gained the most and ended at 2718 whereas Hindunilvr was the top looser which declined 4.08% to end at 495.5.
Suzlon was the turnover topper by the quantity traded and Infy by the value traded on NSE.
Advance/Decline Ratio was negative by 3.45 : 1 as 1137 stocks declined and 330 stocks gained today on NSE.
Nifty Outlook :
Spot Nifty has broken important level of 5970 whereas Nifty Fut. has closed below 6000 mark and could be consider a negative sign as a short term bullish trend has broken. Now short positions in Nifty Fut can be hold with a stop of 6040 targeting 5920-5890.
Nifty Fut.
Major Support 5870
Resistance : 6040
In Nifty50 stocks, Infy gained the most and ended at 2718 whereas Hindunilvr was the top looser which declined 4.08% to end at 495.5.
Suzlon was the turnover topper by the quantity traded and Infy by the value traded on NSE.
Advance/Decline Ratio was negative by 3.45 : 1 as 1137 stocks declined and 330 stocks gained today on NSE.
Nifty Outlook :
Spot Nifty has broken important level of 5970 whereas Nifty Fut. has closed below 6000 mark and could be consider a negative sign as a short term bullish trend has broken. Now short positions in Nifty Fut can be hold with a stop of 6040 targeting 5920-5890.
Nifty Fut.
Major Support 5870
Resistance : 6040
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