19 Feb 2008
Broad Market should continue the uptrend
5200 is an important decisive support
During the overall uptrend in the market, a corrective movement was seen yesterday. Buying at lower levels helped the National index to close above 5250 level. As the Nifty is stable above 5200, the critical support, we believe that market should go up to 5400 mark. There is also possibilities for profit taking at higher levels. Stock specific action can be seen.
Our NSEgems clients are holding momentum stocks to book profit today...
US markets were closed on Monday for Presidents day holiday. After closing our market yesterday, European markets performed a bull rally. FTSE 100 index of Brittan ended with a gain of 159 points (2.75%). In this morning, Asian peers are going good for bulls. So these positive signs from global markets can be reflected here also.
FIIs were net sellers on capital segment yesterday for 342 crores. DIIs also booked profit for 134 crores in net, according to NSE provisional data.
Market breadth was very positive. 795 shares advanced when 378 shares declined on NSE.
Nifty February 2008 futures were at 5280.10, came back to a premium of 3.2 points as compared to spot closing of 5276.90. The NSE's futures & options (F&O) segment turnover was Rs 32,416.67 crore, which was lower than Rs 42,675.67 crore on Friday, 15 February 2008. These are favouring to bulls.
11 Feb 2008
Broad Market should continue the uptrend
5200 is an important decisive support
During the overall uptrend in the market, a corrective movement was seen yesterday. Buying at lower levels helped the National index to close above 5250 level. As the Nifty is stable above 5200, the critical support, we believe that market should go up to 5400 mark. There is also possibilities for profit taking at higher levels. Stock specific action can be seen.
Our NSEgems clients are holding momentum stocks to book profit today...
US markets were closed on Monday for Presidents day holiday. After closing our market yesterday, European markets performed a bull rally. FTSE 100 index of Brittan ended with a gain of 159 points (2.75%). In this morning, Asian peers are going good for bulls. So these positive signs from global markets can be reflected here also.
FIIs were net sellers on capital segment yesterday for 342 crores. DIIs also booked profit for 134 crores in net, according to NSE provisional data.
Market breadth was very positive. 795 shares advanced when 378 shares declined on NSE.
Nifty February 2008 futures were at 5280.10, came back to a premium of 3.2 points as compared to spot closing of 5276.90. The NSE's futures & options (F&O) segment turnover was Rs 32,416.67 crore, which was lower than Rs 42,675.67 crore on Friday, 15 February 2008. These are favouring to bulls.
11 Feb 2008