Morning Brief for Tuesday, August 13, 2013.
Today the
markets closed with significant Gains, today with BANKS and ENERY sector being
the biggest loser and FMCG and METAL sectors being the biggest gainer. The
Sensex closed at 18946.98, up 157.64 points from its previous close, and the
Nifty closed at 5612.40, up 46.75 points. The CNX Midcap index was up 1.55%
while the Smallcap index gained 2.66%. The market breadth was positive
with advances at 826 against declines of 357 on the NSE.
Benchmark
Index Nifty will open slightly negative, support at 5563-5511 and resistance at
5646-5665. Bearish mood will active only below 5603 and below 5580 may be it
can create panic in Indian markets. High volatility will expect and nifty will
trade in broader range. For risky trader suggested to go short if market will
give flat or positive opening with stop loss of 5646.
Our outlook
is negative for short term and advice to go short on higher level
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Regards,
Team Nifty Punch
Nifty Punch Advisory Services
www.niftypunch.com ,+91-8947919297