Indian market ended sharply lower on Thursday amid F&O expiry and weak cues from European peers. Realty plunged the most followed by capital goods and PSU. At the close, the benchmark 30-share index, BSE Sensex declined 206.23 points or 1.22% at 16,639.82 with 22 components registering drop. Meanwhile, the broad based NSE Nifty went down by 66.60 points or 1.30% at 5,043 with 40 components registering drop.
Nifty Technical Outlook :-
Nifty with a gap down opening surpassed the support of 5110, and managed to close decisively above it at 5043 levels. However, if Nifty trade above the yesterdays high of 5130 then we may see it tests the level of 5180 to 5240. There is an immediate nifty support at 5040-5060 levels on the downside.
Nifty levels
R-5110/5175
S-4970/4915
Friday 27 July 2012
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