Today Nifty has closed at 6029 with a minor loss of 6points. We at GEPL are of the view that market is continuously facing major supply around the area of 6050-6075 on the higher side and it seems that we are on the verge of a correction mode. On the downward side market has got support around 5990 and below that at 5910-520. We are expecting that Nifty should correct itself up to 5800 in coming days before making any major up move on the higher side. Regarding sectoral indices BSE Metal and BSE CG is going to still outperform the broader indices while BSE FMCG and BSE IT will under perform the broader Nifty.
Published by geplcapital
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