15 feb 2008
Market may move with global cue
Yesterday Indian stocks performed a strong rally adding 272 points in National Index with the strong support from global markets. Heavy short covering was seen yesterday. Fuel price hike announced by Central Government did not made much impact in the market. Index have reached another trend line resistance level. Next major resistance is at 5260. As the global markets have corrected, today we may see some correction here also. A decline upto 5170, 5100 are considered as healthy correction for the huge rally yesterday. We need to wait for long positions today.
US indices were down on Thursday. Dow jones lost 175 points. All Asian markets also in red. Nikkei was down by 200 points in morning session.
FIIs were buyer in capital segment for 60 crores and DIIs bought for 205 crores according to NSE provisional data.
Nifty February 2008 futures were at 5187, again fell into a discount of 15 points as compared to spot closing of 5202.
The NSE's futures & options (F&O) segment turnover was Rs 37,973.36 crore, which was higher than Rs 37,555.25 crore on Wednesday, 13 February 2008.
NYMEX crude price is moving up, closed above $95 a barrel.
Indian ADRs closed mixed.
11 Feb 2008
8 Feb 2008
7 Feb 2008
Market may move with global cue
Yesterday Indian stocks performed a strong rally adding 272 points in National Index with the strong support from global markets. Heavy short covering was seen yesterday. Fuel price hike announced by Central Government did not made much impact in the market. Index have reached another trend line resistance level. Next major resistance is at 5260. As the global markets have corrected, today we may see some correction here also. A decline upto 5170, 5100 are considered as healthy correction for the huge rally yesterday. We need to wait for long positions today.
US indices were down on Thursday. Dow jones lost 175 points. All Asian markets also in red. Nikkei was down by 200 points in morning session.
FIIs were buyer in capital segment for 60 crores and DIIs bought for 205 crores according to NSE provisional data.
Nifty February 2008 futures were at 5187, again fell into a discount of 15 points as compared to spot closing of 5202.
The NSE's futures & options (F&O) segment turnover was Rs 37,973.36 crore, which was higher than Rs 37,555.25 crore on Wednesday, 13 February 2008.
NYMEX crude price is moving up, closed above $95 a barrel.
Indian ADRs closed mixed.
11 Feb 2008
8 Feb 2008
7 Feb 2008