Spiga

2 Jan 2008

6106 of Nifty is crucial for the day's trend

Global markets were in a new year holiday on Tuesday. Today morning Asian markets are trading in losses in the line with US market closed on Monday.

Nifty level of 6106 is crucial for today's trend. Next supports for Nifty is at 6075 and 6000 to remain the short term trend positive.

The NSE's F&O turnover rose to Rs 49163.28 crore from Rs 46186.73 crore on Monday, 31 December 2007.

Nifty January 2007 futures were at 6160.80, a 16.45 premium of points compared to the spot closing of 6144.35.

Market breadth was positive. NSE advance:declines is 844:337

FIIs net sell for 461 cr and DIIs net buy for 306 cr in cash segment on 1 Jan 2008 (NSE prov data).

ARVINDMILL, ESSAROIL, HINDOILEXP, PARSVNATH, RAJESHEXPO are banned in NSE F&O segment on 2 Jan 2008.

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Read our trading call performance of December 2007
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