Markets likely to consolidate around 5050
Today Nifty manged to gain 20 points and ended at 5086, on the other hand Sensex gained 82 points and finally closed at 16, 845.
Nifty opened up flat, but made some gains around noon. Today’s upswing was led by the PSU, Auto and the Pharma stocks. European indices were trading mixed as well, the DAX in Germany was up 0.6%, the CAC 40 index in France was up 0.2% and the FTSE in the UK was almost unchanged.
Among the BSE sectoral indices, BSE PSU index was the top gainer, the index was up 2.7%, followed by BSE Auto index was up 1.9% and BSE Pharma index was up 1.8%. Even the BSE Mid-Cap index ended higher by 1.8% and the Small-Cap index gained 0.6%. The market breadth closed in favor of the advances, with 741 stocks on the NSE going up, and 539 declining. The turnover for the day stood at Rs 78,000 crore.
Foreign institutional investors (FIIs) were net buyers of Rs 586.51 crore, Domestic institutional investors (DIIs) were net sellers of Rs 73.77 crore today
The 200 DMA for Nifty stands at 5003, which is unlikely to be breached, Nifty is likely to face some consolidation around 5050, RSI stands at 46.
Tags: hot stocks, intraday nifty data, live nifty rates, live nifty tips, market tips, markets support and resitance, nse bse tips
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
