9 April 2008, 8.30 am
4680,4630 are important supports
Market was volatile in the line with Asian cues, yesterday. The new tested support for Nifty is at 4680 and the next is at 4630. 4775 and 4800 are resistances on the upside. The market may consolidate in this region. 4630 is an important short term support which should be protected by bulls to keep their hold in the market.
Us market corrected some points. Dow Jones was down by 35 points for daily closing at 12576. 12450 of Dow is a trend line support to move up 12800 on the upside.
Asian markets are in mixed mood. Nikkei is almost flat (-5), Hangseng is in gain of 54 points.
4680,4630 are important supports
Market was volatile in the line with Asian cues, yesterday. The new tested support for Nifty is at 4680 and the next is at 4630. 4775 and 4800 are resistances on the upside. The market may consolidate in this region. 4630 is an important short term support which should be protected by bulls to keep their hold in the market.
Us market corrected some points. Dow Jones was down by 35 points for daily closing at 12576. 12450 of Dow is a trend line support to move up 12800 on the upside.
Asian markets are in mixed mood. Nikkei is almost flat (-5), Hangseng is in gain of 54 points.
Nifty April 2008 futures were at 4690.30, at a discount of 19.35 points as compared to spot closing of 4709.65.
The NSE's futures & options (F&O) segment turnover was Rs 33,143.36 crore, which was higher than Rs 32,302.80 crore on Monday, 7 April 2008.
NSE market breadth is remaining positive. Advances:declines was 620:548
The FII activity was low on Tuesday. Their net buying was for 7 crores and DIIs' net investment was for 447 crores, according to NSE provisional data.
Crude oil price at NYMEX is at $ 108.5 a barrel.
Indian ADRs were in a correction of 1 to 7 percent.