Infy results failed to pump steam into the market

Infy beat the market expectations as it reported Q3 profits to 2875 cr and Sales 13026 cr vs 12965 QoQ but could not helped the market to retain it's gain as market closed with a minor gains. Nifty gained 3.1 points to close at 6171.45 whereas Sensex was up by 45.12 points and closed at 20758.49.
Among CNX Sectoral Indices, CNX IT gained the most 2.16% and CNX PSU Bank was the top loser by 1.74%. In Nifty50 stocks, Infy gained the most by 3.05% and closed at 3556 after close to a new high of 3580.5. Indusind bank was the top loser by 3.17% ; closed at 403.6as it's NPA% rose in the last quarter.
Manappuram was the turnover topper by the traded quantity and Infy by the traded value.
Advance/Decline ratio was negative as 699 stocks declined and 225 stocks gained today on NSE.

Nifty Outlook :
6120-6140 can be considered as a strong support for further pull back rally eases upto 6230 level. Any political movement or an quiver Q3 results may set the direction for shorter term.
Important Support : 6120
Important Resistance : 6230