Market Scenario 14/06/12

The markets traded range bound throughout the day and closed with moderate gains. Capital goods and FMCG were the best performers in today's session while realty, auto, consumer durables and power remained the biggest laggards.

The market breadth was negative with advances at 682 against declines of 720 on the NSE. The top Nifty gainers were HUL, Ambuja Cements, Sun Pharma and L&T while losers included Maruti Suzuki, Sterlite Industries, NTPC and Tata Motors.

The markets movements are highly unpredictable. Hence, cautious optimism should be the watch word.

Technical Analysis: The Sensex closed at 16880, up 18 points from its previous close, and the Nifty shut shop at 5121, up 5 points. On the higher side Nifty 5150 and 5200 will be strong resistance levels while on the lower side 5100 and 5050 will be the strong support levels.

Suggested Strategy: The markets are moving in zig zag fashion with unpredictable movements. It is advisable to trade lightly. The future events like outcome of Greece Elections and RBI monetary policy may be watched and positions taken accordingly.