19 Mar 2008, 8.30 am
Markets to Gap up Rally
On the Strong global cues, markets are set for a gap up opening and to rally on strong buying and short covering. Nifty has a double bottom at 4450 level and this will be the support base for the short-medium term uptrend. 4740 and 4900 are the immediate targets.
US markets closed shop with a gain of 420 points in Dow jones. Fed cuts interest rates by 75 basis points to add liquidity. Strong earning reports also helped bulls to lead the rally. Asian markets are also in same way. Nikkei is in a gain of 328 points in morning session and Hangseng rallied more than 600 points. All the markets are shining in green....
Tuesday statistics:
FIIs were heavy net sellers in cash segment for 1011 crores when DIIs bought for 177 crores according to NSE provisional data.
Crude oil at NYMEX at $ 109.42 a barrel, in a volatile trade.
Markets to Gap up Rally
On the Strong global cues, markets are set for a gap up opening and to rally on strong buying and short covering. Nifty has a double bottom at 4450 level and this will be the support base for the short-medium term uptrend. 4740 and 4900 are the immediate targets.
US markets closed shop with a gain of 420 points in Dow jones. Fed cuts interest rates by 75 basis points to add liquidity. Strong earning reports also helped bulls to lead the rally. Asian markets are also in same way. Nikkei is in a gain of 328 points in morning session and Hangseng rallied more than 600 points. All the markets are shining in green....
Tuesday statistics:
FIIs were heavy net sellers in cash segment for 1011 crores when DIIs bought for 177 crores according to NSE provisional data.
Nifty March 2008 futures were at 4544, at a premium of 11 points as compared to spot closing of 4533.
The NSE's futures & options (F&O) segment turnover was Rs 47,532.30 crore, which was higher than Rs 40,058.11 crore on Monday, 17 March 2008.
NSE market breadth was weak on NSE. 336 shares advanced and 848 shares declined.Crude oil at NYMEX at $ 109.42 a barrel, in a volatile trade.