14 Jan 2008
Nifty may test the support
Market last day closed with a gain of 43 points in Nifty with the strong buying support in Reliance and Banks. But most of other front line stocks are struggling to sustain and closed with losses. The support of Nifty at 6096 is remaining crucial for short term uptrend.
The global cue is disappointing. Dow Jones lost 246 points on Friday in economic worries. Asian market today also in the line with US sentiment. They are trading mixed.
In our market corporate results and decision on petroleum price hike is very decisive. Petroleum price hike is very ear as Left parties has also given their consent.
NYMEX crude oil price closed below $ 93 a barrel.
Most of the Indian ADRs at NYSE lost 1 to 5% on Friday.
On Friday In Indian Markets, FII net buying was for 107 Crores and DII net buying was for 2 Crores (NSE prov data).
Nifty January 2008 futures were at 6219, at premium of 18.90 points as compared to spot closing of 6200.10.
The NSE's futures & options (F&O) segment turnover was Rs 68,449.32 crore, which was lower than Rs 78,346.87 crore on Thursday, 10 January 2008.
NSE advance declines ratio - 341:848 . Market breadth remaining negative.
Nifty may test the support
Market last day closed with a gain of 43 points in Nifty with the strong buying support in Reliance and Banks. But most of other front line stocks are struggling to sustain and closed with losses. The support of Nifty at 6096 is remaining crucial for short term uptrend.
The global cue is disappointing. Dow Jones lost 246 points on Friday in economic worries. Asian market today also in the line with US sentiment. They are trading mixed.
In our market corporate results and decision on petroleum price hike is very decisive. Petroleum price hike is very ear as Left parties has also given their consent.
NYMEX crude oil price closed below $ 93 a barrel.
Most of the Indian ADRs at NYSE lost 1 to 5% on Friday.
On Friday In Indian Markets, FII net buying was for 107 Crores and DII net buying was for 2 Crores (NSE prov data).
Nifty January 2008 futures were at 6219, at premium of 18.90 points as compared to spot closing of 6200.10.
The NSE's futures & options (F&O) segment turnover was Rs 68,449.32 crore, which was lower than Rs 78,346.87 crore on Thursday, 10 January 2008.
NSE advance declines ratio - 341:848 . Market breadth remaining negative.
Archives:
7 Jan 2008