The Sensex ended with a loss of 115 points at 26374. The indices opened
at 26505, touched an intra-day high of 26505 and low of
26340.The Nifty was down 35 points and closed at 8,127. It opened at 8,132
points, hitting a high of 8,148 and low of 8,127. Sensex, Nifty traded in red
throughout the day and ended on a weaker note than it opened. Nifty sectoral
indices also ended in red while Nifty IT was in green and up very marginally by
0.01%. Also, the Sensex indices ended on a negative note after being marginally
down.
200 DMA - STRONG HURDLE.
The indices thus continues to move in sideways consolidation mode with
short term average of 20dma acting as a support and long term average of 200dma
acting as a strong hurdle or resistance. The market is in midst of a Pull-back
and the Pull-back will continue only if the indices manage to overcome the
strong hurdle of 200dma. Nifty closed on a negative note at 8127 level .So
today on upside first intra resistance is at 8167-72 level. Next resistance are
at 8195, 8220, 8255. On downside first support is at 8111-06 level.Next
support are at 8083,8057,8005
TOP
GAINERS: GAIL, Aurobindo Pharma, Tata Power,
Cipla, Grasim, ICICI Bank, Lupin
TOP LOSERS: Infratel, Asian Paints, Sun Pharma,
Bosch, Adani Ports, Maruti, Ultratech
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