Next Nifty upside resistance is at 14310, says HDFC Securities
After a gap up opening today, Indian benchmark equity indices witnessed profit booking in the second half on Jan 06. Nifty opened at a record high but fell later. A sharper fall came in post 13.30 Hrs. A feeble recovery post 14.10 Hrs followed and hence the markets did not close at their intraday lows. At close the Nifty was down 53 points or 0.4% at 14146.
Among sectors, Metals, Realty and Cement gained the most while IT and FMCG fell the most. Broader market indices – smallcap and midcap indices outperformed the Nifty: Reuters