NSEgems

15 May 2008, 8.30 am

Markets in uptrend

Nifty yesterday could hold above 5050 in morning session and thus could hit the target of 5100. The uptrend is likely to continue. The next resistance is expected at 5160 and 5200 levels. the support is found at 5050.

US and Asian markets are in uptrend. Dow added 94 points. Nikkei, HSI are trading in green.

Nifty May 2008 futures were at 5113, at a discount of 2.25 points as compared to spot closing of 5115.25.

The NSE's futures & options (F&O) segment turnover was Rs 38,196.16 crore, which was higher than Rs 32,919.78 crore on Wednesday, 14 May 2008.

Very strong market breadth was yesterday at NSE - 837:337

FIIs were net buyers for 706 crores in Capital segment (NSE provisional data)