The BSE Sensex lost 56.72 points or 0.36% to settle at 15,882.64, its lowest closing level since 2 January 2012. The index fell 117.04 points at the day's low of 15,822.32 in mid-afternoon trade. The index rose 65.33 points at the day's high of 16,004.69 in mid-afternoon trade, its highest level since 27 December 2011. The S&P CNX Nifty shed 15.65 points or 0.33% to settle at 4,749.65, its lowest closing level since 2 January 2012. The index hit a high of 4,782.85 in intraday trade, its highest level since 27 December 2011. The index hit a low of 4,728.85 in intraday trade. The BSE Mid-Cap index rose 0.17% and the BSE Small-Cap index rose 0.10%. Both these indices outperformed the Sensex.
The market breadth was positive. On BSE, 1,499 shares rose and 1,200 shares fell and a total of 135 shares were unchanged. Among the 30-member Sensex pack, 18 rose while rest of them fell.
FOR TODAY: Nifty tried its best to continue of its two consecutive gains but faced selling pressure at higher level. It seems that it needs some consolidation to gain its strength.
WATCH 4731/4711 ON THE DOWN SIDE WHEREAS ON THE UPSIDE, 4770/4800 WILL ACT AS RESISTANCE. ABOVE 4800, 4840 WILL ACT AS STRONG RESISTANCE ON INTRADAY BASIS. THE TRADING RANGE FOR THE DAY MAY BE BETWEEN 4710-4800. ONE CAN BUY 4800 CE AROUND 4710 (NIFTY SPOT) WITH STOPLOSS OF 4680 (NIFTY SPOT).
WATCH 4731/4711 ON THE DOWN SIDE WHEREAS ON THE UPSIDE, 4770/4800 WILL ACT AS RESISTANCE. ABOVE 4800, 4840 WILL ACT AS STRONG RESISTANCE ON INTRADAY BASIS. THE TRADING RANGE FOR THE DAY MAY BE BETWEEN 4710-4800. ONE CAN BUY 4800 CE AROUND 4710 (NIFTY SPOT) WITH STOPLOSS OF 4680 (NIFTY SPOT).
