14 Feb 2008
Markets likely to recover more
As expected, Nifty found a resistance below 5000 mark yesterday, retraced very near to flat level and finally, by the end of day it could close with a remarkable gain. Even market could not break the day's high, the closing mood was very positive. This indicates that more upside can be expected. We need a convincing close above 5000 level then for a quick move to 5090, 5170 levels. Nifty has found a short term support at 4800 which should act as a strong base for a pullback rally. Market today can be started with a gap up inspired by the global cue.
Us indieces extended gain. Dow Jones closed up by 178 point. Nasdaq was up by 53 points. All Asian markets are also in a positive mood. In this morning Nikkei on the half time was up by 634 points and hangsend gained 630 points. Global cue is very supportive for bulls...
After many days of sell pressure FIIs yesterday was net buyers. their buying was very thin for 9 crores. DIIs also bought for 23 crores, according to NSE provisonal data.
Still the market bread was remaining weak. NSE Advances:Declines was 406:766
Due to heavy short covering, Nifty February 2008 futures were at 4930, came back to a premium of 0.55 points as compared to spot closing of 4929.45.
The NSE futures & options (F&O) segment turnover was Rs 37,555.25 crore, which was higher than Rs 36,223.5 crore on Tuesday, 12 February 2008.
NYMEX crude price was up - $ 93.27 a barrel.
Most of the Indian ADRs closed with gain.
11 Feb 2008
8 Feb 2008
7 Feb 2008
6 Feb 2008
Markets likely to recover more
As expected, Nifty found a resistance below 5000 mark yesterday, retraced very near to flat level and finally, by the end of day it could close with a remarkable gain. Even market could not break the day's high, the closing mood was very positive. This indicates that more upside can be expected. We need a convincing close above 5000 level then for a quick move to 5090, 5170 levels. Nifty has found a short term support at 4800 which should act as a strong base for a pullback rally. Market today can be started with a gap up inspired by the global cue.
Us indieces extended gain. Dow Jones closed up by 178 point. Nasdaq was up by 53 points. All Asian markets are also in a positive mood. In this morning Nikkei on the half time was up by 634 points and hangsend gained 630 points. Global cue is very supportive for bulls...
After many days of sell pressure FIIs yesterday was net buyers. their buying was very thin for 9 crores. DIIs also bought for 23 crores, according to NSE provisonal data.
Still the market bread was remaining weak. NSE Advances:Declines was 406:766
Due to heavy short covering, Nifty February 2008 futures were at 4930, came back to a premium of 0.55 points as compared to spot closing of 4929.45.
The NSE futures & options (F&O) segment turnover was Rs 37,555.25 crore, which was higher than Rs 36,223.5 crore on Tuesday, 12 February 2008.
NYMEX crude price was up - $ 93.27 a barrel.
Most of the Indian ADRs closed with gain.
11 Feb 2008
8 Feb 2008
7 Feb 2008
6 Feb 2008