NIFTY SLIPS IN RED; RINFRA, TATA
MOTORS AND IDFC DOWN
Date : 20.03.2012
The National Stock Exchange's Nifty
failed to hold on to intraday gains and slipped in the negative territory due
to lack of supportive cues from global peers. According to analysts, the market
may remain rangebound in the near term and investors should adopt buy on
declines strategy as intermediate trend looks bullish. www.goldennifty.com
The Nifty was at 5240.85, down
16.20 points or 0.31 per cent. The broader index touched a high of 5297.35 and
low of 5233.25 in trade so far. www.goldennifty.com
The Bombay Stock Exchange's Sensex
was at 17214.51, down 58.86 points or 0.34 per cent. It touched intraday high
of 17410.13 and low of 17214.51.
"Yesterday's fall resulted
in the closure of the bullish gap of March 09, between 5244 and 5291. Nifty has
even tested the 50 DMA support of 5241. It is now trading perilously close to
the trend channel retest at 5191 and the 200 DMA at 5161. www.goldennifty.com
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