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Market Report

Thursday, 24-Mar-2011

NSE

  • The markets continued with the positive move today as well and oil & gas and healthcare were the only two sectors that closed marginally in the red. Realty outperformed others among gainers and was closely followed by auto. The Sensex closed at 18350, up 144 points from its previous close, and Nifty shut shop at 5522, up 42 points.

  • In the short term, the Indian market will trade with a negative bias and in a range of 5400 and 5550, says Avinash Gorakshakar of Edelweiss Advisors on NDTV Profit. He sees strong resistance at 5600 and advises select buying with a medium-to-long term view. Global headwinds continue to be challenging, he adds.

  • There is important support for the Nifty at 5410-5400 and resistance at 5530-5540 crossing which the market can go up to 5610, says Brijesh Singh, technical analyst, on Zee Business.

  • Inflation: Primary articles inflation for week ended March 12 has come in at 13.53% versus 12.31% (WoW), food articles at 10.05% versus 9.42% (WoW) while fuel group remains unchanged at 12.79% (WoW), reports NDTV Profit.

NIFTY 3-Month