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Market Report

Thursday, 23-Aug-2012

NSE

  • The markets closed flat today with IT being the best performer. The Sensex closed at 17850, up 3 points from its previous close, and the Nifty shut shop at 5415, up 2 points. The CNX Midcap index was down 0.1% while the BSE Smallcap index also lost 0.1% in today's trade. The market breadth was negative with advances at 638 against declines of 791 on the NSE.

  • Hold long positions in Nifty with a target of 5460 and stop loss of 5420, says Kunal Saraogi, technical analyst, on CNBC Awaaz.

  • There is immediate support for Nifty at 5380-5400, says Sarvendra Srivastav, technical analyst, on NDTV Profit. Hold long positions with a target of 5600-5630 and stop loss of 5341, he adds.

NIFTY 3-Month