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MTECHTIPS:-Market Snapshot
Nifty futures after a dull start could not able to sustain at higher levels and selling pressure was seen for the entire trading session. The selling was mainly seen in Realty, Oil & Gas, CG, CD, IT, Power, Auto and Banking sector space. Nifty future saw marginal decrease in OI by 0.28% with a fall in price by 1.31%. Market witnessed selling pressure across the board except in HC space. Nifty future closed at premium of 25 points as compared premium of 30 points in previous trading session. Nifty for the day, if it sustains 5750 levels then only rally may be seen towards 5800 levels which will act as immediate resistance zone for the market whereas if it fails to hold 5700 levels on downside then selling pressure may be seen towards 5670-5650 levels.
Nifty futures after a dull start could not able to sustain at higher levels and selling pressure was seen for the entire trading session. The selling was mainly seen in Realty, Oil & Gas, CG, CD, IT, Power, Auto and Banking sector space. Nifty future saw marginal decrease in OI by 0.28% with a fall in price by 1.31%. Market witnessed selling pressure across the board except in HC space. Nifty future closed at premium of 25 points as compared premium of 30 points in previous trading session. Nifty for the day, if it sustains 5750 levels then only rally may be seen towards 5800 levels which will act as immediate resistance zone for the market whereas if it fails to hold 5700 levels on downside then selling pressure may be seen towards 5670-5650 levels.
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