27 March 2008, 9.00 pm
Volatility can be seen on F&O contract expiry
Market today may be volatile as the March contracts are going to expire. The Nifty faces a resistance at 4900 levels. Yesterday Index tested the the level of 4800 which was crucial one. Today if Nifty breaks 4800, it can test 4740-20 on the downside as a healthy correction. 4680 is the another support. Markets are likely to go down by opening as the global markets are weak.
US markets performed some correction at higher levels. Dow Jones closed with a loss of 109 points. When writing this, Dow Jones was again down by 18 points according to after hours data. The Asian market are also in the same line. Nikkei is down by 225 points in morning session. Hanseng corrected 300 points. Strait times, Kospi, Shanghai etc. are trading in red in this morning.
FIIs, as of NSE provisional data are net buyers for 393 crores. DIIs were net sellers for 108 crores.
Volatility can be seen on F&O contract expiry
Market today may be volatile as the March contracts are going to expire. The Nifty faces a resistance at 4900 levels. Yesterday Index tested the the level of 4800 which was crucial one. Today if Nifty breaks 4800, it can test 4740-20 on the downside as a healthy correction. 4680 is the another support. Markets are likely to go down by opening as the global markets are weak.
US markets performed some correction at higher levels. Dow Jones closed with a loss of 109 points. When writing this, Dow Jones was again down by 18 points according to after hours data. The Asian market are also in the same line. Nikkei is down by 225 points in morning session. Hanseng corrected 300 points. Strait times, Kospi, Shanghai etc. are trading in red in this morning.
FIIs, as of NSE provisional data are net buyers for 393 crores. DIIs were net sellers for 108 crores.
Nifty March 2008 futures were at 4840.15, at a premium of 11.30 points as compared to spot closing of 4828.85. The March 2008 derivative contracts will expire tomorrow, 27 March 2008.
The NSE's futures & options (F&O) segment turnover was Rs 57,628.83 crore, which was lower than Rs 66,627.57 crore on Tuesday, 25 March 2008.
NSE market breadth was strong. 793:394 was the advances and declines ratio.
Crude oil climbed up well - $ 105.90 (+4.68) at NYMEX.
Indian ARDs at NYSE is down from 1 to 5%