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MTECHTIPS:-Market Snapshot:
Nifty futures a gap down opening, and was highly volatile in between 4955 to 5025 levels then finally closed below 5000 levels. Bank Nifty futures witnessed sustain selling pressure and fell down towards 9300 levels. Nifty May future closed negative at 4983.95 levels. Nifty future saw decrease in open interest by 0.79% with a fall in price by 0.43%. Market witnessed buying interest in FMCG, Health Care and IT sector stocks while selling pressure was seen in Realty, Metal, Banking, Power, PSU, Oil & Gas, Auto, Consumer Durables and Capital Goods sector stocks. Now if Nifty future sustains below 5000 levels then selling pressure may continue in the market towards 4950-4900 levels. Whereas on upside if it sustains above 5030 then only positive move may be seen towards 5050-5080-5100 levels.
Nifty futures a gap down opening, and was highly volatile in between 4955 to 5025 levels then finally closed below 5000 levels. Bank Nifty futures witnessed sustain selling pressure and fell down towards 9300 levels. Nifty May future closed negative at 4983.95 levels. Nifty future saw decrease in open interest by 0.79% with a fall in price by 0.43%. Market witnessed buying interest in FMCG, Health Care and IT sector stocks while selling pressure was seen in Realty, Metal, Banking, Power, PSU, Oil & Gas, Auto, Consumer Durables and Capital Goods sector stocks. Now if Nifty future sustains below 5000 levels then selling pressure may continue in the market towards 4950-4900 levels. Whereas on upside if it sustains above 5030 then only positive move may be seen towards 5050-5080-5100 levels.
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