Nifty closed on a month high. Hit 5794.35.

After Govt.'s declaration, that exports hit $300 billion for the fiscal year ended March, rate sensitive stocks surged and overall buying seen in the last session of the market hours hoping rate cut further. Nifty ended at 5774.75 with a gain of 86.05 points and Sensex rallied 255.18 points and ended at 18986.34. Nifty hit 5794.35 as a day high in the last half an hour just because of short covering. In NSE Sectoral Indices, BankNifty was the top gainer which gained 2.56% followed by Auto index, up by 2.32%. CNX IT was the only loser by 0.05%.
In Nifty50 stocks, Indusindbk rose the most by 7.71% and ended at 451.95 whereas NMDC was the top loser by 2.48%, ended at 123.85. Rcom was the turnover topper by the traded  quantity and TCS was by traded value on NSE today.
Advance/Decline ratio was positive to 1.69 : 1 as 597 stocks gained and 353 stocks declined today on NSE.

Nifty Outlook :
In this week Nifty Fut. has gained 238.6 points on closing basis.The weekly low was 5503 and high was 5796.7. As expected Nifty Fut has completed it's bounce-back and crossed the resistance of around 5775 but failed to close above the same. It is advisable to book profits at higher levels.Any closing above 5780 level lead the rally to test 5860-5880 levels.
Immediate Support : 5720 / 5660 / 5630
Immediate Resistance : 5796 / 5830 / 5880