Market ended flat with low volumes, eyeing on Q2 results starting next week

Market was flat with low volumes today. Nifty tested 5950 in the day trade but could not sustain and closed at 5907.3 with marginal loss of 2.4 points. Sensex gained by just 13.88 points to close at 19915.95. Market is concerned about the Q2 results' session starting by next Friday with the IT giant Infy.
Among CNX sectoral indices, CNX Realty was the top gainer by 1.62% whereas CNX PSU Bank was the top loser by 0.56% today. In Nifty stocks, Hindalco was the top gainer by 2.47% and closed at 118.4. DrReddy was the top loser, dropped by 2.47% and closed at 2369.85. Advance/Decline ratio bent over on negative side as 443 stocks declined and 402 gained today on NSE.

Nifty Outlook : Nifty touched 5700 in this week and bounced nearly 250 points thereafter. Q2 results session will start by IT giant, Infy which will announce their results on Friday,11th. Very important, the US$/INR have a strong support around 60.4-61 and from where it may bounce back, considering all these factors, market will be stuffed with a high volatility in coming weeks.
Important Support : 5720/ 5590
Important Resistance : 5950/ 6020