Indian markets had opened on a positive note on the back of mixed to positive cues from the global markets and traded strong most of the day and closed for the day in absolute positiveness on the day of expiry. The markets got support from the positively trading US index futures and the European markets. Even though the markets showed some volatility, the strength showed by stocks in IT, banking, technology and oil sector fueled the uptrend in the market. The Nifty rollover was decent and was around 67% showing that more investors were rolling over their position to the May F&O series. Finally the markets came to a close with Sensex at 11403.25 gaining 3.65% and Nifty closing at 3473.95 gaining 3.32%.
When considering the sectors, all sectors were gainers today. The major gainers were IT up 4.95%, Bankex up 4.47%, Technology up 3.99%, Oil up 3.48% and Power up 3.17%. On Nifty the major gainers were ICICI Bank up 9.11%, Sterlite up 7.1%, Tata Power up 6.86%, Reliance Capital up 6.43% and Suzlon up 5.82 while those on the losers' side were Reliance Power down 2.38%, IDEA down 0.77%, Grasim down 0.37%, Ambuja down 0.18% and NALCO down 0.09%.
Nifty is having support at 3422 and 3351 while the resistance is there at 3492 above it can test 3518 and 3550 levels.
When considering the sectors, all sectors were gainers today. The major gainers were IT up 4.95%, Bankex up 4.47%, Technology up 3.99%, Oil up 3.48% and Power up 3.17%. On Nifty the major gainers were ICICI Bank up 9.11%, Sterlite up 7.1%, Tata Power up 6.86%, Reliance Capital up 6.43% and Suzlon up 5.82 while those on the losers' side were Reliance Power down 2.38%, IDEA down 0.77%, Grasim down 0.37%, Ambuja down 0.18% and NALCO down 0.09%.
Nifty is having support at 3422 and 3351 while the resistance is there at 3492 above it can test 3518 and 3550 levels.
