With bad world clues Sensex closed at 15791, down 434 points and Nifty at 4719, down 126 points from the previous close. CNX Midcap index was down 2.47% and BSE Smallcap index was up 3.25%. The market breadth was negative with advances at 126 against declines of 1162 on the NSE. Top Nifty gainers were Tata Power and HCL Technologies while losers were Hindalco, Ranbaxy and ONGC.
We taken support at crucial level of 4680 levels.Equde.com given 4680-4720 levels support last week as main support for market.(See chart of yesterday)5 DMA & 10 DMA moved close to 26 DMA.if there is a bounce back it will be coming tomorrow in special trading day because there will be no institution and FII tomorrow.
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Dear Visitor,
Thanks for visiting this nice and useful blog. As many events are about to happen soon. So we just want to share few things with all visitors as it might be helpful for everyone.
NSE and BSE are trading in range and we are expecting breakout in the market after budget. One should buy quality stocks at every decline and should exit long positions at every rise.
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BUZZINGSTREET
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