11 April Nifty outlook, Today stock market decline, Lupin, Cipla under pressure

Market live- The Indian market seen continued consolidation after 2 per cent decline in previous week as traders and investor are depend eagerly waiting for fourth quarter earnings and outlook for FY17. 

The 30-share Sensex is down 29.13 points or 0.12% at 24644.71, it was Intraday touched high of 24791.36 and touch a low of 24600.65. 

The 50-share Nifty index is decline 6.20 points or 0.08% at 7549.00, it was touched a high of 7580.80 and touch a low of 7534.95. 

The BSE Midcap and Small cap indices gained over 0.2 per cent, About 1016 shares positive against 602 shares declining shares on BSE (Bombay Stock Exchange). 

Nifty Outlook- Nifty tends showing sell signal, and share is showing down from overbought levels. Short term oscillator Analysis showing is SELL signal. 

Intraday Nifty Resistance Levels- 

R1   7574 

R2   7579 

R3   7586 

R4   7606 

Intraday Nifty Support Levels- 

S1   7536 

S2   7531 

S3   7524 

S4   7505 

Among Bharti Airtel 3.38%, Adani ports 2.06%, BHEL 1.76%, NTPC 1.37%, Tata Motors 1.21%, ONGC 1.12%, Maruti Suzuki 0.81%, Hero Motocrop top Sensex Gainers while Lupin 1.93%, Cipla 1.30%, M&M 1.27%, Dr. Reddy’s Labs 1.17%, ITC 0.96%, HDFC Bank 0.68%, Asian Paints 0.57% were top Losers today.