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Market Report

Monday, 25-June-2012


  • The markets closed with moderate declines today and barring consumer durables, all sectoral indices closed negative. Banking, power, metal and realty were the worst performers in today's session and auto and IT, too, lost significantly. The Sensex closed at 16882, down 90 points from its previous close, and the Nifty shut shop at 5115, down 31 points.

  • The top Nifty gainers today were Cairn India, GAIL, RIL and Ambuja Cements while the biggest losers included Hero MotoCorp, Siemens, Grasim and Cipla.

  • As long as 5060 holds, momentum of the market will be on the upside, says Azim Ahmed of ICICI Direct on Zee Business. Sell on rally to 5170 with a target of 5120-5100 and buy at 5120 with a 20-point stop loss, he adds.

  • Day traders may hold long positions with a stop loss of 5090 and positional traders hold with stop loss of 4980, says Anil Manghnani of Modern Shares and Stockbrokers on Zee Business. Exit 50% positions at 5200, he adds.

  • The trend of the market is up and the bias is still on the positive side, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The Nifty is likely to move up to 5200 and higher in the coming days, he adds.

NIFTY 3-Month