............MARKET UPDATE..............

Technically, after exhibiting a firm session yesterday, today, Nifty displayed weakness  and lost its recently discovered momentum. After initial weak opening, indices witnessed further weakness and  ultimately closed with significant cuts.  Level wise, closing below the threshold 5400 levels, may support the bears in the forthcoming sessions.  Broader market witnessed weak sentiments. On account of this, bulls remained under the dominance of bears, because of which market breadth closed in red. Despite a fall Nifty maintained its supremacy and closed above its coveted 9,14, 50,100 and 200 day’s SMA placed at 5338,5342, 5220, 5069 and 5163. VIX, the barometer of uncertainty, rose and closed at 25+ levels, thus it indicates more volatility in the forthcoming sessions. RSI (14) for the session was at 53.41 levels and MACD closed above the signal line.Market may continue to witness some volatile movements in forthcoming session

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PACE Research: India’s leading financial stock advisory that provides tips for stock, commodity, nifty, F&O & all latest share recommendations. Free stock tips, nifty tips, nifty future tips, stock future tips, intraday calls, option put & call, commodity tips on mobile, MCX, ncdex , agri commodity calls, share trading tips, share recommendations 

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