26 March 2008, 9.00 am
4830, 4800 are the immediate supports for Nifty
It was a bull's day for Indian markets yesterday. As expected, the bull run was triggered when Nifty could convincingly break 4740. The rally may continue up to 4950, 5000 levels. The near support for index is expected at 4830, 4800 levels. If Nifty keep these levels, immediate uptrend will continue. If breaks 4800, another 60 or 80 points may be lost...
The US market yesterday close a mixed trend. When Dow Jones lost 16 points, NYSE composite ended with a gain of 76 points. Asian markets gives a mixed sign after a big rally. Nikkei is down by 112 points when Hangseng has a gain of 200.
The provisional data from NSE says FIIs were net buyers in capital segment for 1246 crores and DIIs bought for 399 crores. A fresh buying is coming into our market.
4830, 4800 are the immediate supports for Nifty
It was a bull's day for Indian markets yesterday. As expected, the bull run was triggered when Nifty could convincingly break 4740. The rally may continue up to 4950, 5000 levels. The near support for index is expected at 4830, 4800 levels. If Nifty keep these levels, immediate uptrend will continue. If breaks 4800, another 60 or 80 points may be lost...
The US market yesterday close a mixed trend. When Dow Jones lost 16 points, NYSE composite ended with a gain of 76 points. Asian markets gives a mixed sign after a big rally. Nikkei is down by 112 points when Hangseng has a gain of 200.
The provisional data from NSE says FIIs were net buyers in capital segment for 1246 crores and DIIs bought for 399 crores. A fresh buying is coming into our market.
Nifty March 2008 futures were at 4901.50, at a premium of 24 points as compared to spot closing of 4877.50.
The NSE's futures & options (F&O) segment turnover was Rs 66,627.57 crore, which was higher than Rs 42,610.26 crore on Monday, 24 March 2008.
NSE market breadth was strong. Adv:dec was 1062:136
NYMEX crude oil at $ 101.22 a barrel
Indian ADRs closed in green zone at NYSE.