It Was Volatile session For The Market, Where The Pressure Was Coming From Capital Goods, Oil & Gas, Bankex & I.T. & On The Other Side There Was Positive Trend From Metal Index,
Some Stocks Supported Nifty To Trade Below 5700 Are : INFOSYS -2% , L&T -1.87% , HDFC BANK -1.48% , RELIANCE -1.32% , GAIL -2% , ONGC -1.20% , SUZLON -2.35% , ABB -1.56% ..
But Our Market Gave 30 Points Of Rally In Nifty From The Bottom Of 5663 To Close Of 5692 Is Because The Support Of Metal Index Which Closed Above 16800, With 294 Ponits Of Gain, The Star Performer in Metals Are : SAIL 4.76% + , JSW STEEL 3.61% + , SESA GOA 2.96% + , STERLIT 2.74% + , HINDALCO 2.63% +.
Cautious: We Are Negative In Our Market & If Nifty Continues To Trade Below 5650 & 5625, We May See More Down Side Rally In Our Market, That Wont Vanish Soon...... So Our Bet Is On FMCG & HEALTHCARE INDEX.
