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Daily Technical View on Nifty

* After opening higher by 50 points, Nifty remained in the narrow range throughout the session.

* Nifty closed at 25383 with a minor gain of 27 points or 0.11%. NSE cash market volumes were down by 3% as compared to last Friday.

* Nifty Midcap 100 and small cap 100 gained by 0.38% and 0.16% respectively.

* Advance decline ratio stood above one for the third day on the trot where advance decline ratio stood at 1.13 on BSE.

* Amongst the sectoral Indices, Nifty Media, Metal and Reality gained the most while Nifty FMCG, Financial services and IT fell the most.

* Capital market related stocks and sugar stocks participated well in the session.

* Overall Trend of the Nifty remains bullish.

* Resistance for the spot Nifty is seen at 25525, while support has shifted up at its 5 days EMA, placed near 25260.

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