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Market Report

Wednesday, 25-July-2012

NSE

  • The markets lost moderately today with metal, consumer durables and power being the worst performers. Capital goods, oil & gas and auto, too, lost significantly while FMCG, healthcare and IT closed with moderate gains. The Sensex closed at 16846, down 72 points from its previous close, and the Nifty shut shop at 5110, down 19 points.

  • The top Nifty gainers today were HCL Tech, Ambuja Cements, DLF and ITC while the biggest losers included Jindal Steel, SAIL, Reliance Infra and Tata Steel.

  • Till the Nifty does not cross 5450 it will remain weak and we could go down to 4880-4850, says Dhaval P Vyas, technical analyst, on Zee Business. Sell on rallies, he advises.

  • If the Nifty falls below 5100, then it could move down to 5050-5045 levels, says D Prasad, technical analyst, on Zee Business.

  • Buy Nifty with a target of 5190 and stop loss of 5100, says Prakash Gaba, technical analyst, on Zee Business.

  • The market is likely to trade in the range of 5100 and 5185-5200 and we could even test 4980-4950, says Mitesh Thacker, technical analyst, on ET Now. Sell at higher levels, he advises.

NIFTY 3-Month