9 Jan 2008
6200-6220 levels are crucial for Nifty today
After testing the support level yesterday, Nifty closed positively. In early trade index found a new high also. For today 6200-6220 zone is very crucial for days trend.
US indices lost further ground. Dow Jones fell down below 12700 which was a critical support level and closed in a loss of 238 points. Asian markets except Taiwan and China are trading in red, tracking US sentiment.
Crude price closed at above $96 a barrel
Indian ADRs except IT sector ended in losses.
Nifty January 2008 futures were at 6267.10, at discount of 20.75 points as compared to spot closing of 6287.85. The widening discount gives a negative sentiment.
The NSE's futures & options (F&O) segment turnover was Rs 84,355.67 crore, which was higher than Rs 70,004.57 crore on Monday, 7 January 2008.
Market breadth was negative. NSE advance decline ratio was 147:1048
FIIs and DIIs were net buyers for 570 crores and 92 crores respectively in Indian capital market on 8 January 2008
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2 Jan 2008