NIFTY OUTLOOK FOR 2nd & REVIEW

CLOSING SUBDUED
Nifty crawled to gain about 25 points amid narrow movement. Nifty has given a fitting pullback to the Three week fall / sideways movement., .  While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to generally remain subdued particularly towards close.

Nifty                               7635    +24

Review for Tuesday ::  Narrow Range Day  … !!!

After  a Wide range day, it was the turn of a narrow range day. Market traded in a very narrow range with bullish bias and closed with a marginal gain of 0.30%. 30 of Nifty stocks gained and broader market too was quite positive with Advance Decline ratio placed at 1.9:1. Auto, Metal, Realty, Media indices gained while IT, Energy, Pharma and PSU Bank indices declined. TataMotors, M&M, ICICI Bank contributed about 25 points to Nifty’s gain while Infy, HDFC and Reliance dragged down by more than 10 points..

Hindalco, MAruti, Tata Motors, M&M, Tata Steel        remained major gainers  among Nifty stocks while Tech Mahindra, BPCL, Asian Paints, Wipro  remained    losers.
  
Hidnalco, Maruti, Dish TV, IGL, Bharat Forge  remained major  gainers  among F&O stocks while Union Bank, Allahabad Bank, CESC, JSW Energy, Just Dial  declined among F&O stocks.

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