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MTECHTIPS:-Market Snapshot:
Nifty futures was choppy in opening trade as it was trading in tight range of 20-25 points, but
in mid noon session it shown strong support base stock specific buying and closed near day's
high levels. Markets closed positive at 5356.20 levels. Nifty future saw increase in open
interest by 5.25% with a rise in price by 0.63%. Market witnessed buying interest in Auto,
Health Care, FMCG, Metal, IT, Banking and PSU sector stocks while selling pressure was
seen in Capital Goods, Power, Oil & Gas and Realty sector stocks. Now, if Nifty future
sustains above 5350-5360 levels then further buying interest may be seen towards 5400 levels.
Whereas on downside if it fails to hold 5300 levels then selling pressure may be seen towards
5270-5250 levels.
Nifty futures was choppy in opening trade as it was trading in tight range of 20-25 points, but
in mid noon session it shown strong support base stock specific buying and closed near day's
high levels. Markets closed positive at 5356.20 levels. Nifty future saw increase in open
interest by 5.25% with a rise in price by 0.63%. Market witnessed buying interest in Auto,
Health Care, FMCG, Metal, IT, Banking and PSU sector stocks while selling pressure was
seen in Capital Goods, Power, Oil & Gas and Realty sector stocks. Now, if Nifty future
sustains above 5350-5360 levels then further buying interest may be seen towards 5400 levels.
Whereas on downside if it fails to hold 5300 levels then selling pressure may be seen towards
5270-5250 levels.
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