31 Dec 2007
6000-6020 level of Nifty is crucial for today
After a volatile session, market recovered from losses and ended flat. As expected, Nifty found a support above 6000 mark which is remaining as crucial for today. Market may continue its sideways movement with a positive mood in the last trading day of 2007. There is room to go if market could find stability above 6100 level.
Market breadth was positive on friday. NSE Advance:declines ratio is 889:287
FII buying was strong. Their net buying was for 653 crore and DIIs bought for 166 crore.
Nifty Jan 2008 futures are in 39 point premium.
Crude price at below $96/barrel. inflation figure anounced on friday was lower than previous week.
Archives: 28 Dec 07