The BSE Sensex shed 146.10 points or 0.92% to settle at 15,727.85, its lowest closing level since 21 December 2011. The index rose 13.85 points at the day's high of 15,887.80 in early trade. The index fell 207.49 points at the day's low of 15,666.46 in early afternoon trade. The S&P CNX Nifty lost 44.70 points or 0.94% to settle at 4,705.80, its lowest closing level since 21 December 2011. The index hit a low of 4,685.65 and a high of 4,756.20 in intraday trade. The BSE Mid-Cap index fell 1.06% and the BSE Small-Cap index dropped 1.12%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,682 shares declined and 1,054 shares rose and a total of 109 shares were unchanged. Among the 30-member Sensex pack, 18 fell while the rest of them rose.
FOR TODAY: Though Nifty able to close above 4700, the psychological level, but it breached the level easily during the day and got support at 4680 as indicated yesterday. Today being expiry day, volatility will be seen due to roll over by the traders of their position for the next series.
WATCH 4700 LEVEL AND VOLUME CAREFULLY. IF TRADED ABOVE 4711, NIFTY MAY HIT 4731/4750/4770 WHEREAS BELOW 4680, NIFTY MAY HIT 4660/4640. EXPECTED RANGE FOR TODAY IS PROBABLY BETWEEN 4640-4770. IF AND ONLY IF, NIFTY TRADES ABOVE 4770 BEFORE NOON, IT MAY ALSO HIT 4800 FOR A SECOND. THERE IS ALSO A CHANCE TO HIT 4600 FOR A BRIEF TIME IF NIFTY TRADES BELOW 4640. TRADE WITH STOPLOSS ONLY.
INTRADAY TRADING CALL DURING TRADING HOURS: "CHECK HERE"
DISCLAIMER: NO HOLDING.
