MTECHTIPS

MTECHTIPS:-Market Snapshot:
Nifty futures closed positive at 5319.60 levels. Nifty future saw increase in open interest by
5.30% with a rise in price by 1.36%. Market was highly volatile on the day of RBI’s monetary
policy announcement. Nifty future traded in between 5220 to 5325 levels and after all ups and
downs, it  closed near day’s high levels. Market witnessed buying interest across the board
especially in Realty, Metal, PSU, Capital Goods, Power, FMCG, Oil & Gas, Auto, Banking,
IT and Consumer Durables sector stocks. Now if Nifty sustains above 5330-5340 levels then
further rally may be seen towards 5400 levels. Whereas on downside if it sustains below 5270
then selling pressure may be seen towards 5220-5200 levels.