The market opened gap up today following positive cues from US markets, but turned choppy in the day due to negative Asian cues and then closed flat. Sensex shut shop at 17050, up 18 points and Nifty at 5062, up 4 points from the previous close. CNX Midcap index was down 0.15% and
BSE Smallcap index was up 0.22%. The market breadth was negative with advances at 596 against declines of 658 on the NSE. Top Nifty gainers were
Reliance Capital,
TCS and
Hero Hondawhile losers included
ONGC,
DLF and
Idea Cellular.
There is upside pressure for the market and one can trade with a negative bias tomorrow. Nifty has strong support at 5000 and stiff resistance at 5166.
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