Today Nifty index will have quite stiff resistance at 5712. If it manages to cross 5712, it may reach 5729 and 5744. If it Happens then bulls may take nifty to 5760 and 5775 levels.
It can take on other side, below 5677 level, nifty may be dragged down to 5663 by bears. One can see some more action below 5649. If nifty manages to cut 5649, it may touch 5631. Support for bulls acting at 5616 level.
Sectors looking bullish
1. FMCG
2. IT
3. Auto
Sectors looking bearish
1. Reality
2. Power
3. Bankex
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Godfrey Phillips India Q4: Net profit down 17.9% at Rs 35.4 crore against Rs 43.1 crore, revenue up at Rs 605.7 crore against Rs 541.9 crore, YoY.
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