Tuesday, March 09, 2010

Once again Nifty slipped below 5100 levels on lack of buying. Profit booking was seen through the counter. Only IT stocks outperformed the markets. Metals, Oil & Gas, realty, Auto faced the heat. Sensex closed down by 50 points at 17054. Nifty closed down 0.44% at 5101. Volumes in the markets have dried up. Tata Motor's block deal in BSE was the major contributor in the volumes.

Nifty will continue to face resistance at 5150 levels. People are still not confortable with the market.

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