Share market India today traded so-so and ended (closed) on a flat note range bounded. Share market was trading quite fine in the morning session, suddenly it started creating selling pressure in the late noon session, which resulted in range bound and flat closing today. While on the other hand the Asian market ended on a strong note, also European share rose.
Share Market View and Outlook For Tomorrow -
Current share market trend is range bound and it seems that it will not remain the same and tomorrow market opening bell will be in green, FMCG indices and BSE Health care indices were traded in green today and gained some weight in the market. While Bajaj auto, Tatamotors and Tcs where among the biggest looser today. Also the Bse Mid cap and small cap indices have slipped 0.4%
Nifty Trend and Expert Recommendations -
Nifty shut today at : 5192.85 down 4 points, its being traded negative after the late noon session, today nifty opening was quite good and traded in green till the early noon, chances are seen to rise in tomorrow's trading session. For today's share market, The top Nifty gainers Wipro, Dr Reddy, Itc and Sunpharma and the biggest losers included Reliance, BPCL and Bajaj Auto
Don't be surprise if Nifty climbs to 5600 in the next month or so. However, we advise long-term investors against buying into the current market because of the lag in fundamentals.
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