SENSEX touched high of 27482.14, and low of 27073.25 while Nifty touched high of 8308, and slipped down to 8185 level. Buying trend observe in Midcap and Small cap stocks after yesterday fall.
According to experts, market getting triggered to correction, as such we expect up trend if Nifty will cross 8300-8350 level. There was too much selling pressure in market, and now we have seen rise after short covering. Market trend based on FII flows, market sentiments will improve when FII stop selling.
Expert assume Nifty April future contract may expire below 8200 level. Nifty trading is not profitable till expiry.
Banking, Realty, Power and Auto shares are in buying trend. Bank Nifty closed at 18250 gained 2.5%.
Top gainers today ICICI Bank, Maruti Suzuki, BPCL, Tech Mahindra, Idea cellular, BHEL, NTPC and Tata Motors.
Top Losers ITC, HCL, Coal India, Infosys, Reliance industries and HUL.