CAUTION AT HIGHER LEVELS
Dr.Bhuvanagiri Amaranatha Sastry
Astro Technical Analyst
Saketha Consultants, Hyderabad
Review for Monday, 07th April, 2014 :: Flat Close… !!!
Market closed flat amid zigzag movements with bearish undertone for most part of the day and recovered towards close.. 26 of Nifty stocks ended in the red but broader market was positive with Advance Decline ratio placed at 1.3:1. Infra, Metal, Auto indices gained while Realty, Media, Bank, Pharma and Energy indices declined. Sun Pharma, TCS and HDFC contributed about 10 points to Nifty’s gain while ICICI and Infy dragged Nifty down by more than 10 points.
Ultra Cement, Ambuja Cement, Sun Pharma, NMDC stood out as major gainers among Nifty stocks while Jindal Steel, BHEL, DLF, IDFC and Cipla remained major losers.
Market is closed on Tuesday on account of Sri Rama NAvami.
JP Associates, GMR Infra, IDEA, RCom, Ultra Cement remained major gainers among F&O stocks while Jindal Steel, Just Dial, Ranbaxy, L&T Finance, BHEL remained major losers among F&O stocks.