25 Feb 2008 5.00 pm
Market opened up near the resistance level of Nifty at 5140 and began to correct in the initial hours of trade. The support at 5100 was broken and went down more. At 5056, bulls action was seen and lifted the index to cross 5140 and achieved the target of of 5200 and could close there. The best contribution was from Reliance and Cement stocks. Nifty February futures closed with a premium of 3.3 points comparing to the stop closing of 5200.70. It was in a discount of 33.25 points on Friday. This is a positive sign. Next market movement will be influenced by global cues.
In the Morning, all Asian markets except China and Hangseng were closed in Green. European stocks are also in a very positive mood in the line with US and Asian markets. Today on Monday US indices are expected to open by extending their gain on Friday. Dow Jones futures rose 37 points at 5.30 am EST on Monday 25 Feb 2008.
Global cues are decisive
Market opened up near the resistance level of Nifty at 5140 and began to correct in the initial hours of trade. The support at 5100 was broken and went down more. At 5056, bulls action was seen and lifted the index to cross 5140 and achieved the target of of 5200 and could close there. The best contribution was from Reliance and Cement stocks. Nifty February futures closed with a premium of 3.3 points comparing to the stop closing of 5200.70. It was in a discount of 33.25 points on Friday. This is a positive sign. Next market movement will be influenced by global cues.
In the Morning, all Asian markets except China and Hangseng were closed in Green. European stocks are also in a very positive mood in the line with US and Asian markets. Today on Monday US indices are expected to open by extending their gain on Friday. Dow Jones futures rose 37 points at 5.30 am EST on Monday 25 Feb 2008.