See-saw movement was there in the market today. After a flat
opening the market dropped down in the afternoon session. The sensex &
nifty both hits lowest level almost in a month. The sensex is hovering around
the level of 25000, while nifty is oscillating around the 7450-7475 level. Market
was alternatively moving to the negative & positive zone. At the time of
closing the sensex was marginally above at the level 25,006 led by losses in
Infosys, HUL, HDFC, ICICI Bank and Wipro, while nifty closed at 7454. The Nifty
future started at 7488 made a high of 7505 and low of 7445 and closed at 7482 total
60 points was played by nifty future. . Volatility is expected between 7376
and 7357 on the downside and 7470 and 7520 on the upside, over the next few days.
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RESISTANCE: 7450, 7480,
7510
SUPPORT: 7420, 7390, 7360
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