Infy Q2 results has beaten the analysts' expectations and it has reflected into its' stock price with a jump of 11% at the closing. Nifty ended above 6000 mark first time after 30th May,2013 with a gain of 82.60 points and Sensex jumped to 19979.45 with a rise of 303.39 points'. Among NSE Sectoral indices, CNX IT has played an imperative role by gaining the most by 6.62%. CNX Realty was the top loser by a 0.54% drop.
In Nifty50 stocks, Infy was the top gainer by 10.92% which ended at 2804.45 whereas JPAssociat was the top loser by 3.23%, ended at 52.45. Unitech was the most active by the traded quantity and Infy by the traded value on NSE today. Advance/Decline ratio was negative as 492 stocks declined and 396 stocks gained today on NSE.
Nifty Outlook :
As clearly mentioned in 28 June blog, Nifty has taken support at 5770(bounced back from 5775.55) and marched with a upward trend thereafter. On the charts, weekly as well as daily, Nifty is in a bullish trend unless and until it breaks and sustains below 5840 level. Corporate results may influence the specific sectors and the sentiments indirectly in coming weeks. Rupee Riddle also affects the market possessively in coming days.
Support : 5960 / 5880
Resistance : 6140 / 6230
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