15 May 2008, 8.30 am
Need to sustain above 5050
Nifty has done a good recovery from lower levels by moderating support levels. Now we are looking at 5050 which should be a level to cross and sustain to trigger a trend reversal in short term. The immediate upside targets are 5080 and 5100. In the downside 4920 and 4900 acting as immediate supports.
US markets recovered more. Added 66 points in Dow Jones. All Asian markets are trading in green. Nikkei has again of 144 points in early session.
Need to sustain above 5050
Nifty has done a good recovery from lower levels by moderating support levels. Now we are looking at 5050 which should be a level to cross and sustain to trigger a trend reversal in short term. The immediate upside targets are 5080 and 5100. In the downside 4920 and 4900 acting as immediate supports.
US markets recovered more. Added 66 points in Dow Jones. All Asian markets are trading in green. Nikkei has again of 144 points in early session.
Nifty May 2008 futures were at 5011.80, near spot price of 5011.75.
The NSE's futures & options (F&O) segment turnover was Rs 32,919.78 crore, which was lower than Rs 38,107.72 crore on Tuesday, 13 May 2008.
NSE market breadth was positive. 653:525.
Both FIIs and DIIs were buyer in capital market, according to provisional data from NSE.
Over bought level in crude oil price, likely some correction is possible. Yesterday closed at $ 124.22 at NYMEX.
Most of the Indian ARDs closed in green with a positive breadth.
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