25 Feb 2008 9.00 am
Uncertain market direction
There was no effort from the from bulls to recover the initial losses of the last trading day and in last minutes Nifty brakes the support at 5100 and managed to close at 5110. The uncertainty is remaining in market. Market is closed very near to the support level. Today as US and Asian market are in green zone, market may open in positive mood, need to sustain above 5100. Some consolidation is expected above this support level. 5140, 5200 are the immediate resistance levels.
US and Asian markets are trading in positive zone. US indices were recovering in the last hour of trade.
FIIs were sellers in capital segment for 709 crores and DIIs bought for 105 crores, according to NSE provisional data.
Nifty February 2008 futures were at 5077.50, at a discount of 33.25 points as compared to spot closing of 5110.75.
The NSE's futures & options (F&O) segment turnover was Rs 36,386.23 crore, which was lower than Rs 43,409.74 crore on Thursday, 21 February 2008.
NSE market breadth was weak. 332 shares advanced and 838 shares declined.
Uncertain market direction
There was no effort from the from bulls to recover the initial losses of the last trading day and in last minutes Nifty brakes the support at 5100 and managed to close at 5110. The uncertainty is remaining in market. Market is closed very near to the support level. Today as US and Asian market are in green zone, market may open in positive mood, need to sustain above 5100. Some consolidation is expected above this support level. 5140, 5200 are the immediate resistance levels.
US and Asian markets are trading in positive zone. US indices were recovering in the last hour of trade.
FIIs were sellers in capital segment for 709 crores and DIIs bought for 105 crores, according to NSE provisional data.
Nifty February 2008 futures were at 5077.50, at a discount of 33.25 points as compared to spot closing of 5110.75.
The NSE's futures & options (F&O) segment turnover was Rs 36,386.23 crore, which was lower than Rs 43,409.74 crore on Thursday, 21 February 2008.
NSE market breadth was weak. 332 shares advanced and 838 shares declined.