1 Jan 2008
Global cues are weak
In the last trading day of 2007, US indices were down. Dow jones lost 101 points. Most of the Asian market are closed today. SO in our market, a consolidation with profit taking at higher level ca be seen. Comparatively lower participation from traders will make thin volume.
FIIs bought for 516 crores while DIIs booked profit for 442 crores in Indian capital market on Monday, according to NSE provisional data.
Nifty January 2007 futures were at 6156, a premium of 17.40 points compared to the spot closing of 6138.60.
The market breadth was very strong. When 1002 shares advanced, only 184 shares declined.
In a profit taking, Nifty may find support at 6106 or 6075 to keep its immediate uptrend.
Happy New Year 2008
Global cues are weak
In the last trading day of 2007, US indices were down. Dow jones lost 101 points. Most of the Asian market are closed today. SO in our market, a consolidation with profit taking at higher level ca be seen. Comparatively lower participation from traders will make thin volume.
FIIs bought for 516 crores while DIIs booked profit for 442 crores in Indian capital market on Monday, according to NSE provisional data.
Nifty January 2007 futures were at 6156, a premium of 17.40 points compared to the spot closing of 6138.60.
The market breadth was very strong. When 1002 shares advanced, only 184 shares declined.
In a profit taking, Nifty may find support at 6106 or 6075 to keep its immediate uptrend.
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