21 April, 2008, 9.00 am
Uptrend may continue on global cue.
The CRR hike from RBI may not make much impact in market. The opening may be some volatile, but finally bulls may take control the market. The decisive support level is 4930 of Nifty and the next is at 4880. If close above 5000 today will give more upside in the market.
Dow Jones added 228 points and and agave a break out in end of day charts. Asian markets are also in an uptrend as Nikkei added 221 and Hangseng up 600 points.
Uptrend may continue on global cue.
The CRR hike from RBI may not make much impact in market. The opening may be some volatile, but finally bulls may take control the market. The decisive support level is 4930 of Nifty and the next is at 4880. If close above 5000 today will give more upside in the market.
Dow Jones added 228 points and and agave a break out in end of day charts. Asian markets are also in an uptrend as Nikkei added 221 and Hangseng up 600 points.
Nifty April 2008 futures were at 4963, at a premium of 4.60 points as compared to spot closing of 4958.40.
The NSE's futures & options (F&O) segment turnover was Rs 42,461.28 crore, which was higher than Rs 39,646.97 crore on Wednesday, 16 April 2008.
NSE market breadth was positive. Adv:Dec 947:242