FIIs were net seller with the tune of Rs 92.24cr (prov. cash market fig).
Indian markets continued to decline for the second day on Monday. The Sensex witnessed heavy selling due to rising crude prices and political uncertainty.
At the close, the benchmark 30-share index, BSE Sensex declined 263.78 points or 1.43% at 18,222.67 with 25 components registering drop. Meanwhile, the broad based NSE Nifty fell by 75.60 points or 1.36% at 5,463.15 with 43 components posting drop.
FOR TODAY: Yesterday all EU and US markets were closed in RED due to unrest in Libya, crude crisis and uncertainty in Global market. However, today all Asian markets are trading in positive since they have already made their loss yesterday. SGX Nifty is trading around 5463 indicates that Nifty spot may open flat and will try to cover some of its loss made on yesterday. A minor support is around 5420-5424 area below which we may see 5400 level. If breaches 5400 level too, our market will be in great trouble. On the upside, major multiple resistances are around 5500/5511 level. Thereafter 5528-5531, and so on.
MOST OF THE EXPERTS HAVE ADVISED TO WAIT AND WATCH POLICY.
