10 March 2008, 8.30 am
More downside below 4650 of Nifty
In the line with the global market fall, Nifty breaks the crucial support and projected a downside rally. As it has broken 4800, the next support is 4650 which is remaining unbeaten but critical for toady. Below 4650, Nifty may test the low near to 4450 which is created on 22 Jan 08.
Global markets today is trading in red. Nikkei is down by 183 and Hangseng by 300 points. Dow Jones closed with a loss of 146 points on Friday.
FIIs were net buyers in capital market segment. They bought for 513 cr and DIIs sold for 66 cr according to NSE provisional data.
Nifty March 2008 futures were at 4706, at a discount of 65.60 points as compared to spot closing of 4771.60.
More downside below 4650 of Nifty
In the line with the global market fall, Nifty breaks the crucial support and projected a downside rally. As it has broken 4800, the next support is 4650 which is remaining unbeaten but critical for toady. Below 4650, Nifty may test the low near to 4450 which is created on 22 Jan 08.
Global markets today is trading in red. Nikkei is down by 183 and Hangseng by 300 points. Dow Jones closed with a loss of 146 points on Friday.
FIIs were net buyers in capital market segment. They bought for 513 cr and DIIs sold for 66 cr according to NSE provisional data.
Nifty March 2008 futures were at 4706, at a discount of 65.60 points as compared to spot closing of 4771.60.
The NSE's futures & options (F&O) segment turnover was Rs 38,712.25 crore, which was higher than Rs 33,581.65 crore on Wednesday, 5 March 2008.
market breadth was negative. NSE adv:dec was 77:1113
Crude touched a new high of $106 a barrel and closed at 105.15