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Stocks Updates for Today

With the fact that market has moved shraply into the resistance zone and overbought we expect a brief pause at this stage before it moves further. From the intermediate term point of view staying above 5790 is bullish. Spot Nifty closed at 5851 down by 36.50 points or 0.62% and Sensex closed at 19229 down by 126 points or 0.65%. BSE midcap index was down by 81.54 points or 1.16% to close at 6957 whereas BSE Small Cap index closed at 7348 down by 72 points or 0.97%.

Trend Analysis: Short-term trend is positive with market trading above 5810. On the other hand intermediate term trend is positive above 5790.

Apollo Tyre can buy at this position, stock seems good for long term investment. While IT sector may cut down for upcoming some days

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