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Nifty Range Trend Levels For Tomorrow (Monday, 16 April 2012) :-
Infosys reported results for fourth quarter of FY12
and the numbers
that the company declared were lower than the market expectations.
Thus it dragged markets to close on negative note. Markets shift
focus to RBI policy. The Sensex closed at 17094, down 238 points and
the Nifty ended at 5207, down 69 points. During the week markets
closed with significant declines except Auto, FMCG and Healthcare,
all sectoral indices closed in red. The Sensex was down 2% and the
Nifty also lost 2% during the week.The best performing stocks of
today's trade were Dr Reddy's Lab., Sun Pharma, Kotak Mahindra Bank
and Grasim.
Nifty Outlook
For Today 16 April : Today the NSE Nifty ended at 5207, down 69
points and F&O Nifty Futures ended at 5,217.90 down 72.75 points.
As expected Infosys disappointing results set the movement for the
market slide and Nifty tanked more than
1.4% intraday. This worst
sentiments are not only for the IT counters but for the general
market as
well. On Monday the monthly WPI inflation figures for the
month have been declared this will also likely influence the short
term
trend of the market.
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