A volatile session ended slightly with pessimism as Nifty failed to cross and close above 5700 mark.
Nifty closed 5651.35, 7 points below previous close. Sensex lost 57.27 points to settle at 18735.6.
In Nifty50 stocks, IDFC was the top gainer by 6.19 %, closed at 145 whereas DLF was the top loser by 3.17% and closed at 231.85. Unitech was the turnover topper by the quantity traded and HDFCBank by the value traded today on NSE.
Nifty Outlook :
Nifty Fut. has broken its' all major technical supports like 5755 and 5690. Now it is in bearish hands for longer term viewing 5380-5140 levels but any bounce back upto 5770 to 5840 levels will give opportunity to exit long if any. In coming weeks, expiry of March 2013 contracts and a result session thereafter will be the interesting factors which may influence the market. Also political uncertainty may become a cause of worry for investors.
Immediate Support : 5650/5620/5550
Immediate Resistance : 5720/5770/5840
Nifty closed 5651.35, 7 points below previous close. Sensex lost 57.27 points to settle at 18735.6.
In Nifty50 stocks, IDFC was the top gainer by 6.19 %, closed at 145 whereas DLF was the top loser by 3.17% and closed at 231.85. Unitech was the turnover topper by the quantity traded and HDFCBank by the value traded today on NSE.
Nifty Outlook :
Nifty Fut. has broken its' all major technical supports like 5755 and 5690. Now it is in bearish hands for longer term viewing 5380-5140 levels but any bounce back upto 5770 to 5840 levels will give opportunity to exit long if any. In coming weeks, expiry of March 2013 contracts and a result session thereafter will be the interesting factors which may influence the market. Also political uncertainty may become a cause of worry for investors.
Immediate Support : 5650/5620/5550
Immediate Resistance : 5720/5770/5840
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