Decay proceeds in business sectors :
Nifty ends below 10200
Lead by realty and PSU banks.
Long positions have closed at breakeven.
avoid trading the index.
Among major indices, IT, Pharma and Media are outperformer. Traders should look for buying in these sectors but only on intraday dips.Avoid trading the nifty and bank nifty as far as prices are trading range bound.
Stock Market – Spot Price (Nifty : 10202.75, Sensex : 33,053.04)
Bank Nifty View
Bank nifty opened at 25118.20. Intraday price high at 10270.75. Prices finally closed lower at 25029.95 with a loss of 91 points.
Trades (in future segment)