Markets opened gap down and remained lower for the whole session and European markets opening further weakened the sentiments. Nifty future has given a decisive break out of the upward channel pattern and closed below the major support of 5800 indicating further bearishness. Now, short term bearishness may be seen in the coming sessions where 5700 is seen as major support. Any correction will find stiff resistance range of 5855-5900.
SUPPORT : 5750 & 5700
RESISTANCE: 5855 & 5900
Daily Market News
- Sensex falls 218 points; Tata Steel, BHEL top losers.
- Shriram Transport to raise Rs 5 bn through NCD issue.
- ING Vysya Bank rallies over 17% as ING Group plans to sell 43% stake.
- GlaxoSmithkline Consumer, Glenmark, UB gain ahead of F&O inclusion.