MTECHTIPS:-Market Snapshot:
Nifty futures witnessed zigzag move with selling seen in the afternoon trading session and then bounce back seen towards 5200 psychological level. Nifty future saw increase in open interest by 9.94 % with a fall in price by 0.5%. Market witnessed marginal buying interest in FMCG and Auto sector stocks whereas selling pressure was seen in CD, IT, PSU, Realty, Power and Tech sector stocks. Nifty April future closed at discount of 3 points as compared to discount of 2 points in previous trading session. Now for the day, if Nifty future sustains below 5170 levels then selling pressure may be seen towards 5150-5100 levels. Whereas on upside if it sustains above 5230 levels then rally may be seen towards 5270-5300 levels.
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