Previous Day:
Substantial decline noticed in the last one hour of the trade and almost all sectoral indices closed in the red. Realty was hit the most but selling pressure pervaded almost all the sectors. Only healthcare saw some gains. Sensex closed at 20307 (provisional), down 235 points from its previous close, and Nifty closed at 6118 (provisional), down 68 points. The market breadth was negative with advances at 434 against declines of 867 on the NSE.
Next Day Trading Session:
AS told in early post time to take caution & we saw that market face selling pressure & profit booking at higher levels. For today market NIFTY might face heavy resistance in the range 6161-6191; also it may come down to test 6100 and 6070 levels. Traders are suggested to sell at gains. IT and METALS along with BANKING may face selling pressure WHILE POWER and TELECOM may attract buying.
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