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Market Report

Tuesday, 14-Feb-2012

NSE

  • The markets closed with moderate gains after trading flat throughout the day. The spurt came in the last one hour and capital goods and auto contributed significantly in the upward movement. Healthcare and oil & gas were the biggest losers in today's session. The Sensex closed at 17849, up 76 points from its previous close, and the Nifty shut shop at 5416, up 26 points.

  • The top Nifty gainers were Reliance Communications, Tata Motors, L & T and Maruti Suzuki while the biggest losers included Cipla, Tata Power, Siemens and ONGC.

  • As long as the market stays above 5320, it will remain positive with resistance coming in at 5435, says Prakash Gaba, technical analyst, on Zee Business.

  • The market continues to stay in a range and unless 5300-5320 breaks on the downside, we should not pre-empt market declines, says Ashwani Gujral, technical analyst, on ET Now.

  • The market has been consolidating in a narrow range for the past few days and unless we get a clear signal of a break up or break down, this range could continue, says Mitesh Thacker, technical analyst, on ET now. Positional traders should stay away but traders could take a call on either edge of the range with a 30-point stop loss for a 70-80 point target, he adds.

  • Inflation for the month of January has come in at 6.55% versus 7.47% (MoM), reports CNBC Awaaz. Primary articles inflation has come in at 2.25% versus 3.07% (MoM), fuel group inflation is at 14.21% versus 14.91% (MoM), food articles inflation at -0.52% versus 0.74% (MoM) while manufactured products inflation is at 6.49% versus 7.41% (MoM), reports NDTV Profit.

NIFTY 3-Month