6 May 2008, 8.30 am
5167 (200D SMA) is remaining crucial
As expected market facing resistance at higher levels when nearing to 5300. Todays trend is decisive at 5167, the 200 Day Simple Moving Average. Breaking this level, some profit taking up to 5120-5100 levels can be seen which will be healthy for short term uptrend.
US stockes were down on Monday. Dow jones corrected 88 points as crude oil hits new record high at $ 120.30 a barrel at NYMEX. Asian markets are also slipping. Japanese market are closed for holiday. Hangseng in green but China, Taiwan, Singapore etc are in red.
Nifty May 2008 futures were at 5205.10, at a premium of 12.85 points as compared to spot closing of 5192.25.
FIIs were net sellers for 236 crores in capital segment as NSE provisional data.
All the Indian ADRs closed in red at NYSE.
5167 (200D SMA) is remaining crucial
As expected market facing resistance at higher levels when nearing to 5300. Todays trend is decisive at 5167, the 200 Day Simple Moving Average. Breaking this level, some profit taking up to 5120-5100 levels can be seen which will be healthy for short term uptrend.
US stockes were down on Monday. Dow jones corrected 88 points as crude oil hits new record high at $ 120.30 a barrel at NYMEX. Asian markets are also slipping. Japanese market are closed for holiday. Hangseng in green but China, Taiwan, Singapore etc are in red.
Nifty May 2008 futures were at 5205.10, at a premium of 12.85 points as compared to spot closing of 5192.25.
The NSE's futures & options (F&O) segment turnover was Rs 32,972.85 crore, which was lower than Rs 36,304.41 crore on Friday, 2 May 2008.
NSE market breadth is remaining positive. 628:564FIIs were net sellers for 236 crores in capital segment as NSE provisional data.
All the Indian ADRs closed in red at NYSE.