Nifty Trading Flat

The Indian markets ended on a negative note yesterday, and are trading in a narrow range in the morning. Nifty opened with a positive bias of 7 points at 5859 and Sensex opened higher by 16 points at 19,340. Both the indices are up in the range of 0.08%-0.12%.

The advance-decline ratio is in a negative zone in the morning trading session. On the NSE, 602 shares are trading in green and 700 shares are trading in red. 

Top 5 NSE Gainers: Bharti Airtel is the top gainer on NSE, trading up by 2.08%, followed by Sun Pharma, Wipro, ONGC, and Infosys. 

Top 5 NSE Losers: JP Associates is the top loser, trading down by 2.72%, followed by HDFC, Tata Motors, HUL, and Hindalco.

All the sectors are trading in red apart from IT, and Oil &Gas.

On the global front, the Asian shares are trading in a flattish mood. Hang Seng is trading negative by 62 points. Taiwan Weighted is up by 1 point and Shanghai is down by 1 point and Nikkei 225 is up by 29 points. 

Buzzers: Bharti Airtel is trading up by 2.09% at Rs 302. The stock is gaining good volumes and having a resistance of 305, after which we will see more levels.

Jayprakash Associates saw a good momentum in the last few trading sessions. The stock opened on a negative note at 2.7 % and trading at 70. It stock came under pressure and is trading on a major support. 

The levels of 5820-5840 will be the laxman rekha for Nifty. Its final support is on 5780 .If it breaks, we may see a further downfall after this level.