31 March 2008, 9.00 am
4900, 4860 are immediate supports for Nifty.
With the heavy buying from Domestic funds, Nifty reached the target of 4950. As of now, if index can sustain above 4900-4860, the rally may continue up to 5000. 4800 can treated ans a short term support for the time being.
US markets continued correction. Dow Jones closed in a negative zone in fourth day with a loss of 86 points at a very crucial support. Further downside may give more pain. In the line with US markets, Asians are also trading in week zone. Nikkei is down by 192 points. However, Kospi and Strait times are trading in green.
FIIs were net sellers for 401 crores on Friday while DIIs did a net buying for 729 crores according to NSE provisional data.
4900, 4860 are immediate supports for Nifty.
With the heavy buying from Domestic funds, Nifty reached the target of 4950. As of now, if index can sustain above 4900-4860, the rally may continue up to 5000. 4800 can treated ans a short term support for the time being.
US markets continued correction. Dow Jones closed in a negative zone in fourth day with a loss of 86 points at a very crucial support. Further downside may give more pain. In the line with US markets, Asians are also trading in week zone. Nikkei is down by 192 points. However, Kospi and Strait times are trading in green.
FIIs were net sellers for 401 crores on Friday while DIIs did a net buying for 729 crores according to NSE provisional data.
Nifty April 2008 futures were at 4986.70, at a premium of 44.70 points as compared to spot closing of 4942.
The NSE's futures & options (F&O) segment turnover was Rs 49,087.03 crore, which was lower than Rs 64,308.86 crore on Thursday, 27 March 2008.
The market breadth at NSE was very strong. Advances:Declines was 1094:108.