Market Overview
Indian equities ended on a lower note due to selling spree seen in IT, metal and realty stocks. June WPI inflation number eased to 7.25% much lower than expected. At the close, the benchmark 30-share index, BSE Sensex lost 110.39 points or 0.64% at 17,103.31 with 20 components registering drop. Meanwhile, the broad based NSE Nifty went down by 30 points or 0.57% at 5,197.25 with 34 components posting drop
Nifty Technical for the day
There is an Immediate Resistance at 5,260 & 5,280 levels on the upside, expect selling pressure to continue at higher levels unless index manages to sustain and close above it. The breaks of crucial support of 5,190 levels expect declines to 5,160 & 5,140 levels in the near term.
Nifty levels :-
R-5270/5325
S-5170/5115
Intraday Call
BUY TATACOFFEE ABOVE 951 TGT 990 STOP-LOSS OF 937
Tuesday 17 July 2012
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