Market today

Yesterday market trade in range bound and nifty trading around 5000 mark and nifty close to 5030. selling pressure seen in infra,public sector bank and service sector,Dowjones  yesterday down 200 points at open but at closing recovery and close below 100 point from its previous closing .

Today Indian stock market opening at flat as sgxnifty trading flat around 10 point but  as market sentiment seem negative bias some profit taking again pull down market at lower levels buying comes so market canmoov upside in second session and today market get support around 4930
Trader in nifty buy around 5050 with stop loss of 5024 for a price target of 5080-5130.

Market today

Today a volatile session in market where Bse sensex recover more then 320 points from its day low and able to close 240 point gain from its previous close. Nifty also recover from day low and manage to cross 5000 mark and lastly close at 5029,looking at nifty movement one surprising thing first time nifty comes at premium against spot price and almost 17 point premium show a sharp buying movement and short covering in market .

Among sectoral indices IT  among the top gainer in market Infosys moov up 6% and also joined by other IT company significantly.service index gain almost 2 % and infra index top looser.

Top gainer in nifty is Jp associates,Infosys,Hcl tech,Wipro and Bhel,Top looser are Sesa goa,Tata power,Cipla ,LT and Bharti airtel.

Major impect in market showing a sharp rise in dollar price against Indian rupees beneficial for IT  and rate sensitive sector .