Market levels for Nifty:
Today NIFTY index will have quite stiff resistance at 5702. If it manages to cross 5702, it may reach 5719 and 5734. If it Happens then bulls may take nifty to 5750 and 5766 levels.
It can take on other side, below 5663 level, nifty may be dragged down to 5649 by bears. One can see some more action below 5635 If nifty manages to cut 5635, it may touch 5617. Support for bulls acting at 5602 level.
Sectors looking bullish
1. FMCG
2. Bankex
3. Pharma
Sectors looking bearish
1. Power
2. Metal
3. IT
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Stock Market opened with gap down on Tuesday, BSE SENSEX dropped 500 points and Nifty fell 159 points.
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