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This was a dismal week for the Indian market which saw almost all sectoral indices end in the red. Infrastructure took the most beating, followed by technology, metals and banks. The range for the indices shifted further down and experts believe next week will continue to be choppy and negative. This week's performance was poor and the numbers are: Sensex down 3.2% and Nifty down 3.1%. CNX Midcap index was down 3.2%, BSE Smallcap index down 2.9% over the week. BSE Realty index was down 4%, BSE Bankex down 4.2%, BSE Metal index down 4.5%, BSE IT index down 4.5% and BSE Auto index down 2.3%.
NIFTY LEVELS FOR MONDAY 14 May
For Monday nifty has support level at 4867/ 4711 and resistance level at 5023/5179 and pivot level at 4962.
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