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NIFTY CLOSED NEAR SUPPORT LEVEL OF 4740

Nifty failed to stay above 4800 levels ,from morning onwards 4800 PUT having Writing with huge volume.Sensex closed at 15922, down 120 points and Nifty at 4757, down 35 points from the previous close. CNX Midcap index was down 0.14% and BSE Smallcap index was up 0.10%. The market breadth was positive with advances at 571 against declines of 691 on the NSE. Top Nifty gainers included BPCL, JP Associates and Unitech while losers were Cipla, SAIL and Mahindra & Mahindra.

NIFTY future in SGX closed at 4746 after making a low of 4723 while US market was failing after report of Stimulus removal Plan.

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