Market may open flat to postive
The he Sensex and the Nifty may open flat to postive back of global flat openings..
Metals and financials will continue to remain in focus. The Nifty kept meandering around 5300 levels yesterday.
The S&P retreats 0.3% for third consecutive day and the Dow eked out a tiny gain while the Asian markets trade flat and edges lower for 3rd day.
Nifty Pivot Points:
Resistance 1 5341.58
Resistance 2 5360.02
Support 1 5296.43
Support 2 5269.72
Market Internal (As on 23rd June)
Markets ended flat ahead of F&O expiry yesterday with the Nifty ending up 6 points and Sensex ending up 0.06%. The advance decline ratio came in at 2:1. The broader markets outperform the markets. The mid cap index ended up 0.8% while the small caps ended up 0.6%.
The pharma & realty stocks rallied and the gainers in the pharma sector were Dr Reddy's, Orchid Chem and Sun Pharma.
In the realty sector gainers were Orbit Corp, Unitech and DLF.
Capital goods stocks fell led by L&T which fell the most since May 25 and ended down 3%.
Nifty gainers: Maruti, Unitech, Sun pharma
Nifty losers: L&T, HCL Tech