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Market Report

Wednesday, 04-July-2012

NSE

  • The markets traded rangebound throughout the day and closed with moderate gains. Metal and realty were the biggest gainers in today's session and capital goods, power and banking, too, made significant gains. The Sensex closed at 17463, up 37 points from its previous close, and the Nifty shut shop at 5303, up 15 points.

  • The top Nifty gainers today were Sterlite Industries, Sesa Goa, Jindal Steel and JP Associates while the biggest losers included ONGC, Asian Paints, Dr Reddy's and Kotak Mahindra Bank.

  • Hold long positions in Nifty with a target of 5350 and stop loss of 5240, says CK Narayan, technical analyst, on ET Now.

  • Upside levels on Nifty likely till 5400-5450, says Sarvendra Srivastav, technical analyst, on NDTV Profit. There is important support at 5200, he adds.

  • There is a possibility of the Nifty touching 5400-5500 in the next 2-3 weeks, says Sajiv Dhavan of JV Capital Services on ET Now.

  • Buy Nifty with a target of 5350 and stop loss of 5260, says Prakash Gaba, technical analyst, on Zee Business.

NIFTY 3-Month