4 Jan 2008
Market may continue the uptrend
Global markets especially US pause after a fall. Asian markets are trading in a mixed to positive mood. Nikkei after many days of holidays, opened in a gap down and in a loss of more than 600 points. Other major index Hanseng has recovered 300 points in this morning.
Nifty has a support at 6125-6137 zone. If the market can hold at these levels, it may can keep further upside momentum. A closing above 6200 will give a psychological support in coming days.
A hike in Oil price may become a negative sentiment to the market. The result season is ahead. These factors can affect the market movements in coming days.
Crude price is holding above $99/barrel.
Indian ADRs have closed mixed.
Nifty January 2008 futures were at 6175.30, a discount of 3.25 points as compared to spot closing.
APTECHT, ARVINDMILL, BONGAIREFN, ESSAROIL, HINDOILEXP, IVRPRIME, JPHYDRO, PARSVNATH, RAJESHEXPO are banned in F&O segment of NSE
NSE advance declines ratio is 498:690
NSE provisional data says FIIs were net sellers for 244 crores and DIIs were net buyers for 526 crores in Indian capital market on 3 January 2008.
Market may continue the uptrend
Global markets especially US pause after a fall. Asian markets are trading in a mixed to positive mood. Nikkei after many days of holidays, opened in a gap down and in a loss of more than 600 points. Other major index Hanseng has recovered 300 points in this morning.
Nifty has a support at 6125-6137 zone. If the market can hold at these levels, it may can keep further upside momentum. A closing above 6200 will give a psychological support in coming days.
A hike in Oil price may become a negative sentiment to the market. The result season is ahead. These factors can affect the market movements in coming days.
Crude price is holding above $99/barrel.
Indian ADRs have closed mixed.
Nifty January 2008 futures were at 6175.30, a discount of 3.25 points as compared to spot closing.
APTECHT, ARVINDMILL, BONGAIREFN, ESSAROIL, HINDOILEXP, IVRPRIME, JPHYDRO, PARSVNATH, RAJESHEXPO are banned in F&O segment of NSE
NSE advance declines ratio is 498:690
NSE provisional data says FIIs were net sellers for 244 crores and DIIs were net buyers for 526 crores in Indian capital market on 3 January 2008.
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