NIFTY TOUCHES 1-MONTH LOW, SENSEX FALL CONTINUES

The Sensex ended with a loss of 66 points at 26242. The indices opened at 26368, touched an intra-day high of 26396 and low of 26213.The Nifty was down 21 points and closed at 8,061. It opened at 8,105 points, hitting a high of 8,112 and low of 8,053. Nifty opened above 8100 but was unable to sustain the same and lost momentum towards the end of trading hours. Sensex also closed in red and was down 0.25%.

                                                For Nifty, 8150 remains the important immediate resistance for the index, sustaining above which buying might have been seen, however, as the market reached the closing hours it lost the resistance and touched a 1-month low. Nifty closed on a negative note at 8082 level .So today on upside first intra resistance is at 8116-21 level. Next resistance are at 8145-50,8175-80,8212-17,8258-63,8275-80,8315-20.On downside first support is at 8048-43 level. Next support are at 8020-15,7990-85,7943-48,7908-03,7874-69,7854-49 level.

TOP GAINERS:  Ultratech Cement, Lupin, NTPC, Maruti, IndusInd Bank, Hindalco, ONGC

TOP LOSERS:  Infratel, Sun Pharma, ITC, Idea, Ambuja Cement, Zee, HCL Tech