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Market Report

Friday, 24-Aug-2012


  • The markets closed with moderate losses today with realty being the biggest laggard. The Sensex closed at 17783, down 67 points from its previous close, and the Nifty shut shop at 5387, down 29 points. The CNX Midcap index was down 0.6% while the BSE Smallcap index also lost 0.8% in today's trade. The market breadth was negative with advances at 472 against declines of 945 on the NSE.

  • If Nifty level of 5350 is not breached then we could see a good upside, says AK Prabhakar of Anand Rathi Securities on Zee Business.

  • Hold long positions in Nifty with a stop loss of 5350, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

  • Most FIIs either on sidelines or reluctantly participating, says Samir Arora of Helios Capital on CNBC TV18. Mood vitiated by government delay on policy decisions, he adds.

  • Hold long positions in Nifty with a target of 5600-5630 and stop loss of 5341, says Sarvendra Srivastav, technical analyst, on NDTV Profit.

NIFTY 3-Month