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Market Report

Monday, 25-Oct-2010

NSE

  • Both the benchmark indices closed in the green despite of the selling pressure in the last one hour of the trade. After the announcement of the latest export numbers, the stocks of the export oriented companies moved up significantly. FMCG and IT closed in the red. The sensex closed at 20303, up 137 points from its previous close, and Nifty closed at 6105, up 39 points.

  • The pre-opening session of the market takes off indicating a firm start this first day of a new week. Normal trading is to begin at 9.15 am.

  • The market is likely to move sideways and will stay in a range of 6000-6300 for the next few sessions, says Shardul Kulkarni of Angel Broking on NDTV Profit. The Nifty Futures has support at 6000 and if this is breached then we could go down by 300 points and the next support would be at 5780-5770, he adds.

  • We are cautious on the market and expect action to be more stock specific, says Ashwani Prabhu of Prabhudas Lilladher on NDTV Profit. There is support for the Nifty at 5950 and resistance at 6200, she adds.

NIFTY 3-Month