In line with expectation, Index opened slightly in green and traded in narrow range of 5880-5900 level in first half of the session. It finally broke down from that range & slipped vertically to 5840 zone and closed down by more than half a percent.
On sectoral front, Consumer durables, FMCG and Realty were the major draggers followed by Metal, Capital goods and Power. For the sessions ahead, the next support zone is around 5805 level as per Fibonacci retracement placed on intraday chart and on the higher side 5925 zone will act as hur-dle. Beside, cues from the global front will also be crucial so one should trade with strict stop loss in the existing trades and keep a check on money management as well.
On sectoral front, Consumer durables, FMCG and Realty were the major draggers followed by Metal, Capital goods and Power. For the sessions ahead, the next support zone is around 5805 level as per Fibonacci retracement placed on intraday chart and on the higher side 5925 zone will act as hur-dle. Beside, cues from the global front will also be crucial so one should trade with strict stop loss in the existing trades and keep a check on money management as well.
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