28 Jan 2008
Nifty Support at 5330-5280 levels
Indian markets are likely to react to the global cue. After a two day's rally, both US and Asian market are performing a technical correction. Tracking this sentiment our markets also may witness a correction today. To keep the immediate upside momentum, Nifty should find support at 5330 or 5280 levels as a healthy correction.
This week is very crucial for market. Market activity can be highly volatile during this week for the expiry of F&O contract. Also there is another factor that the monetary policy is to be announced by RBI. There is wide expectation in interest rate cut.
Crude oil price came above $90 a barrel.
Indian ADRs have done a better performance comparing to the index movement on NYSE on Friday.
Annual inflation, based on the wholesale price index (WPI), moved up 3.79% in the week ended 5 January 2008 compared with 3.5% in the week ended 29 December 2007.
FII outflow in January 2008 totaled Rs 9943.70 crore (till 23 January 2008).
NSE provisional data announce that FIIs and DIIs were net buyers on Friday for 208 and 248 croes respectively.
NSE advance decline ratio on Friday was 903:271.
Archives:
Nifty Support at 5330-5280 levels
Indian markets are likely to react to the global cue. After a two day's rally, both US and Asian market are performing a technical correction. Tracking this sentiment our markets also may witness a correction today. To keep the immediate upside momentum, Nifty should find support at 5330 or 5280 levels as a healthy correction.
This week is very crucial for market. Market activity can be highly volatile during this week for the expiry of F&O contract. Also there is another factor that the monetary policy is to be announced by RBI. There is wide expectation in interest rate cut.
Crude oil price came above $90 a barrel.
Indian ADRs have done a better performance comparing to the index movement on NYSE on Friday.
Annual inflation, based on the wholesale price index (WPI), moved up 3.79% in the week ended 5 January 2008 compared with 3.5% in the week ended 29 December 2007.
FII outflow in January 2008 totaled Rs 9943.70 crore (till 23 January 2008).
NSE provisional data announce that FIIs and DIIs were net buyers on Friday for 208 and 248 croes respectively.
NSE advance decline ratio on Friday was 903:271.
Archives: