The BSE Sensex lost 151.25 points or 0.89% to settle at 16,785.64, its lowest closing level since 18 October 2011. The index rose 95.43 points at the day's high of 17,032.32 in mid-morning trade, its highest level since 19 October 2011. The index fell 184.68 points at the day's low of 16,752.21 in late trade. The S&P CNX Nifty was down 41.95 points or 0.82% to settle at 5,049.95, its lowest closing level since 18 October 2011. The Nifty hit a high of a 5,120.75 in intraday trade, its highest level since 19 October 2011. The Nifty hit a low 5,037.95 in intraday trade. The BSE Mid-Cap index fell 0.68% and the BSE Small-Cap index declined 0.6%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,689 shares fell and 1,119 rose and a total of 115 shares were unchanged. The breadth reversed direction during the course of the trading session. The breadth was strong earlier in the day. From the 30-share Sensex pack, 23 fell and the rest rose.
FOR TODAY: HIGHEST NUMBER OF ACCUMULATION IN 5200CE AND 4800PE STILL INDICATING THE RANGE-BOUND MOVE BETWEEN 4800 AND 5200. DUE TO TRUNCATED AND EXPIRY WEEK, WILD VOLATILITY MAY BE SEEN. FROM GLOBAL CUES, GAP-UP OPENING IS ALMOST CERTAIN. BUT THE QUESTION IS WHETHER IT MAY SUSTAIN OR NOT.
WATCH 5134/5141 LEVEL ON THE UPSIDE BREAKING WHICH IT MAY HIT TILL 5169/5177 LEVEL. ON THE DOWNSIDE, BREACHING 5031 (ACTS AS SUPPORT) 5000/4960 LEVEL MAY BE SEEN.
