Market Wrap for 23.05.2016

by Prateek Mazumder on Market Analysis, Market Wrap
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Nifty faced extreme intra-day volatility as the index fluctuated within a day’s range of over 100 points in today’s session. At a close of 7729, the index posted a weak close near the lowest point of the day’s session. Cash market volumes are on the lower side over the past couple of sessions so far. The underlying trend of the index is down and as per the trend and momentum indicators it is likely that this downside drift extends further more towards 7650. On the upside, today’s high of 7820 acts as the immediate resistance for the index.

nifty 23.05.2015

 

The performance of the Sectoral Indices were as follows:

Sectoral 23.05.2016

 

The top 5 gainers and losers in nifty today are:

Top 5 23.05.2016


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