24 April 2008, 9.00 am
Volatility can be seen on F&O contract expiry
Nifty could not achieve 5100 and also the support is unbeaten. Market need a break out from the trading range is at 5000-5100 zone. 5K is remaining crucial. Market may be volatile as April F&O contracts expire today. With the positive global cue we may see a green opening in indices and may test 5100 during intraday trade. closing for the day is very important for the further action.
US indices recovered a bit. Dow could add 42 points after a volatile trade. All Asian markets are in green. China markets have gain of 8-9% in this morning.
Volatility can be seen on F&O contract expiry
Nifty could not achieve 5100 and also the support is unbeaten. Market need a break out from the trading range is at 5000-5100 zone. 5K is remaining crucial. Market may be volatile as April F&O contracts expire today. With the positive global cue we may see a green opening in indices and may test 5100 during intraday trade. closing for the day is very important for the further action.
US indices recovered a bit. Dow could add 42 points after a volatile trade. All Asian markets are in green. China markets have gain of 8-9% in this morning.
Nifty April 2008 futures were at 5031, at a premium of 8.20 points as compared to spot closing of 5022.80. The April 2008 derivative contracts will expire tomorrow, 24 April 2008.
The NSE's futures & options (F&O) segment turnover was Rs 52,107.86 crore, which was higher than Rs 51,643.74 crore on Tuesday, 22 April 2008.
The market breadth was sightly negative. NSE Adv : Dec was 564:636
NSE provisional data says FIIs were sellers in capital segment on Wednesday 480 crores.
NYMEX crude at $ 118.30 a barrel