Post Market 27 Apr

Market opened on negative note & remained choppy throughout the day due to the expiry week as the same we have mentioned in our last newsletter too. Keeping in view, traders should avoid overtrading for next two sessions. Market breadth was also ended in red. Banking & IT stocks
still traded with the positive biased. Technically, 3380-3400 levels will provide cushion for further fall while the 3520-3570 will act as resistance so it’ll trade in the range.

The BSE Sensex closed higher by 42.80 points at 11,371.85 whereas NSE Nifty ended down by 10.75 points at 3,470. BSE Mid Caps and Small Caps closed with losses of 15.81 and 41.12 points at 3,584.28 and 4,027.14 respectively. The BSE Sensex touched intraday high of 11,492.10 and intraday low of 11,176.55. Among the Sensex pack 16 stocks ended in red territory and 14 in green. The market breadth indicating the overall health of the market remained negative as 1341 stocks closed in red while 1158 stocks closed in green and 83 stocks remained unchanged in BSE. The S&P CNX Nifty was down by 10.75 points or 0.31% to 3470.00. The NSE turnover was up Rs.15334.96 from last trading session’s Rs. 13577.00 crore.