Expect flat closing: P-Sec

Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

According to P-Sec Market Preview report, expect a flat closing with a negative bias for today as selling pressure to emerge near 6200 levels.

P-Sec Market Preview report:

Although markets closed positive yesterday, it could not sustain and experienced a pull from the higher levels. We expect a flat closing with a negative bias for today as we see selling pressure to emerge near 6200 levels.

For today we may see further momentum in Power and FMC stocks, which could provide support at lower levels.

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