After seeing a range-bound session
yesterday, Nifty fall significantly and suffered a loss of nearly
0.80%. Auto sector stocks were the worst performer today. Its F&O
expiry tomorrow and market sensed a play-safe mode today. Rupee again
slipped for third consecutive day. Moreover weak cues from Asian
Markets and concern over GDP put the market downside.
For coming trading session, market is
likely to remain same. A range-bound session could prevail for
couple of days once nifty reaches 5000-5100 level. Major resistance is still hovering
around 5200 mark.
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