Friday, September 13, 2013

Market seems exhausted.Nifty failed to close above 5900 mark.

13 Sept. 2013,

Market looks exhausted after a gap-up opening on the first session of the week. Today, Sensex closed at 19732.76, negative by 49.12 points. Nifty closed almost flat at 5850.6 with a 0.1 points of loss. 
Among NSE sectoral indices, CNX Realty gained the most by 2.82% and CNX FMCG was the top loser by 1.14%.
In Nifty50 stocks, BHEL gained the most by 5.97% to close at 142.95 whereas HCL Tech was the top loser by 2.64% which closed at 1046.
JPAssociat was the turnover topper by traded quantity and Axisbank by the traded value.

Nifty Outlook :

Nifty bounded in between 5810 and 5930 levels. It's interesting to see Nifty above its resistance level of 5990. Volatility persists as Fed announcement in coming week.
Important Support : 5725
Important Resistance : 5990

No comments:

Post a Comment