NIFTY OUTLOOK FOR 4 & REVIEW

MIDSESSION SUBDUED
Nifty remained choppy and in a narrow range to close with minor loss but above 7700 mark. However, Nifty should not go below 7600 mark to maintain the short term bullish momentum.  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 be better in the opening session and remain subdued during midsession and experience choppy movements towards close.

Nifty                               7715    -10

Review for Thursday ::  Choppy / Narrow Movements   … !!!

Market opened marginally better but was highly choppy within a narrow range and closed with marginal loss. 16 of Nifty stocks gained and broader market too was  negative  with Advance Decline ratio placed at 1:1.45. Pharma, Auto, FMCG, IT indices gained while Realkty, Energy, Media, Infra and Metal indices declined. Tata Motors, ITC, Sun Pharma  contributed about 15 points to Nifty’s gain while Reliance, ONGC, Hind Unilever dragged down with the same force..
 
Tata Motots, Wipro, Sun Pharma, M&M        remained major gainers  among Nifty stocks while Hero Motors, Hindalco, Tata Power, Bajaj Auto remained losers.
 
Glenmark, UCO Bank, Bata India, Biocon, Arvind  remained major  gainers  among F&O stocks while GMR Infra, JP Power, Unitech, JP Associates, IB Realestate  declined among F&O stocks.

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