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Market Report

Monday, 13-Aug-2012

NSE

  • Led by heavyweight counters like HDFC, the markets gained momentum in the last hour of trade and closed with moderate gains. Barring auto, all sectoral indices closed positive with realty, consumer durables, capital goods and power being the best performers. Oil & gas and banking, too, gained significantly. The Sensex closed at 17633, up 76 points from its previous close, and the Nifty shut shop at 5348, up 27 points.

  • The top Nifty gainers today were HDFC, DLF, Reliance Infra and Sterlite Industries while the biggest losers included Hindalco, Tata Motors, Hero MotoCorp and HUL.

  • We have seen continuous positive weekly close and Nifty continues to hold 5300, says Sarvendra Srivastav, technical analyst, on NDTV Profit. Crucial support exists at 5250-5260, he adds.

  • The market is moving sideways with stiff resistance at 5350-5360 and support at 5300, says Prakash Gaba, technical analyst, on Zee Business.

  • There is strong support for Nifty at 5320-5300 and this is unlikely to be broken, says Rajesh Satpute, technical analyst, on Zee Business. Till 5300 holds, we could see a spike to 5400, he adds.

  • Market is likely to be in a 100-point range for some more time, says Mitesh Thacker, technical analyst, on ET Now. Overall, the trading band would be 5370 to 5250, he adds.

NIFTY 3-Month