25 April, 2008, 9.00 am
consolidation can be seen
Nifty closed just below the crucial 5K. As on intraday chart of Nifty, index face major resistances at 5050 and then 5085. The hourly technicals gives some negative divergence. The expected support for Nifty is at 4960. Nifty likely to consolidate in the zone 4960-5085. To day as the final day of the week and inflation figures to be announced at noon, these factors can influence the market sentiment.
US indices recovered more as weakening oil price. Dow Jones added 85 points to previous close. Asian markets are trading mixed. Nikkei in gain of 271 points but Hangseng is down by 150 points in this morning.
Crude oil June futures fell down to $ 116.06 a barrel.
consolidation can be seen
Nifty closed just below the crucial 5K. As on intraday chart of Nifty, index face major resistances at 5050 and then 5085. The hourly technicals gives some negative divergence. The expected support for Nifty is at 4960. Nifty likely to consolidate in the zone 4960-5085. To day as the final day of the week and inflation figures to be announced at noon, these factors can influence the market sentiment.
US indices recovered more as weakening oil price. Dow Jones added 85 points to previous close. Asian markets are trading mixed. Nikkei in gain of 271 points but Hangseng is down by 150 points in this morning.
Crude oil June futures fell down to $ 116.06 a barrel.
Nifty May 2008 futures were at 5003.35, at a premium of 3.50 points as compared to spot closing of 4999.85.
The NSE's futures & options (F&O) segment turnover was Rs 50,958.06 crore, which was lower than Rs 52,107.86 crore on Wednesday, 23 April 2008.
NSE market breadth was negative. 446:746