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Market Report

Monday, 13-Feb-2012

NSE

  • The markets traded flat throughout the day and closed with moderate gains. Metal, auto, consumer durables and banking were the lead gainers in today's session while capital goods and tech tried to pull the indices down. The Sensex closed at 17773, up 24 points from its previous close, and the Nifty shut shop at 5390, up 9 points.

  • The top Nifty gainers today were Reliance Infra, Sesa Goa, Kotak Mahindra Bank and Tata Steel while the biggest losers included SAIL, Wipro, Tata Power and Cipla.

  • The market is likely to continue to move in a 200-point range so hold on to long positions in the Nifty which has sound support at 5320-5330, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. Book profits at 5500, he advises.

  • As long as the market stays above the Nifty level of 5290, then the strategy should be to buy on all declines, says Amit Gupta of ICICI Securities on Zee Business.

  • We are moving in a band of 100 points with support at 5330, says Sudarshan Sukhani, technical analyst, on CNBC TV18. If the level of 5330 is breached, then the short-term trend would change, he adds.

  • The market is trading in the range of 5300 and 5400 and the Nifty needs to give a closing above 5400 for 2-3 days before the uptrend will resume, says Ashwani Gujral, technical analyst, on ET Now. For the week, an important level is 5376, he says.

NIFTY 3-Month