25 March 2008, 8.30 am
Broad market may continue uptrend
the Nifty level of 4720-4740 is a crucial resistance which will influence the further direction. A closing above this level will trigger an another rally. The immediate support for Nifty is at 4550-540.
The global factors are positive. Dow Jones closed with a gain of 187 points. All the Asian peers are in green zone. Nikkei has got another 166 points and Hangseng opened with a gap of 700 points.
FIIs were net buyers for Rs. 376 crores while DIIs booked profit in a net of Rs. 253 crores, according to NSE provisional data.
Crude oil at $ 100.86 at NYMEX.
Most of the Indian ADRs were closed in gain of 6 to 13 percent.
Broad market may continue uptrend
the Nifty level of 4720-4740 is a crucial resistance which will influence the further direction. A closing above this level will trigger an another rally. The immediate support for Nifty is at 4550-540.
The global factors are positive. Dow Jones closed with a gain of 187 points. All the Asian peers are in green zone. Nikkei has got another 166 points and Hangseng opened with a gap of 700 points.
FIIs were net buyers for Rs. 376 crores while DIIs booked profit in a net of Rs. 253 crores, according to NSE provisional data.
Nifty March 2008 futures were at 4642, at a premium of 32.15 points as compared to spot closing of 4609.85.
The NSE's futures & options (F&O) segment turnover was Rs 42,610.26 crore, which was lower than Rs 46,365.04 crore on Wednesday, 19 March 2008.
NSE market breadth was weak - 222:971Crude oil at $ 100.86 at NYMEX.
Most of the Indian ADRs were closed in gain of 6 to 13 percent.