Today, spot Nifty could not cross its previous close, i.e. 5574.75 and it reflects the market strength and the sentiment.Nifty ended at 5545, down by 29.75 points and Sensex dropped by 86.41 points to end at 18423.29.
Among BSE sectoral indices, Oil&Gas was the major gainer and Bankex was the top gainer.
In Nifty50 stocks, Maruti was the top gainer by 7.18% and ended at 1405.25 whereas NMDC was the top loser by 4.94%, ended at 124.1.
Renuka was the turnover topper by the quantity traded and Mcdowell-n by the traded value on NSE.
Advance/Decline ratio was negative as 696 stocks gained and 748 stocks declined today on NSE.
Nifty Fut. Outlook :
As stated in our previous blog, Nifty Fut. bounced back upto 5773.35 this week but could not sustain above 5770 and closed below 5600 today. Nifty Fut. has major support at 5380-5360 levels. We can not ignore the immediate support of 5550 as it is not broken today and which was tested on 20th Nov.2012 before making high of 6120. Next week, results session will lead the market sentiment. Infy will declare their Q4 results on Friday,12th Apr. It may influence the market.
Support : 5550 / 5455 / 5360
Resistance : 5595 / 5660 / 5775
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