Among CNX Sectoral Indices, just three were into positive and CNX IT gained the most by just 0.12%. Top loser was CNX PSU Bank index by the 2.08%. In Nifty50 stocks, BPCL was the top gainer by 6.03% and closed at 327.85 and BHEL was the top loser by 5.61% which closed at 142.3. JPAssociat was the turnover topper by the traded quantity and McDowell-n by the traded value. Advance/Decline ratio was negative as 646 stocks turned to red and 520 were in green territory.
Nifty Outlook :
As stated in last week's blog, Nifty corrected nearly 2% after breaking the support level of 5930. Now we must consider the chances to test 5680 and 5460 levels in worst scenario if Nifty could not hold and sustain above 5770. Second quarter results will decide the trend more specifically in coming weeks.
Important Support : 5770
Important Resistance : 5995
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