IntradayTrade dot Net
Market Report

Monday, 25-Apr-2011

NSE

  • The markets closed flat today and pressure primarily came from Reliance Industries. Better than expected quarterly results from Maruti Suzuki also could not cheer up the markets. IT and consumer durables were the prime gainers of today's trade and oil & gas and realty closed with significant loss. The Sensex closed at 19584, down 18 points from its previous close, and Nifty shut shop at 5874, down 10 points.

  • The top Nifty gainers today were Sterlite Industries, Ambuja Cements, SBI and Kotak Mahindra and prime losers included Axis Bank, RIL, DLF and SAIL.

  • The bias of the market is positive and we are bullish for the May series, too, says Hemant Thukral, technical analyst, on CNBC TV18. At higher levels we are likely to see selling pressure and volatility because it is expiry week, he adds. There is good support at 5700 and dips to this level should be used to buy with a target of 5950-6000, he says.

  • The market trend is up and as long as 5830 holds then we are likely to cross 5950 and move higher, says Ashwani Gujral, technical analyst, on ET Now. Key level for the market on the downside is 5886 and resistances are at 5909 and 5934, he adds. He sees support at 5861 and then 5838.

  • There is support for the Nifty at 5830 and resistance at 5940, says Rupal Saraogi, technical analyst, on Zee Business. These are two crucial levels for the market for traders to watch out for, she adds.

NIFTY 3-Month