11 Jun 2008, 9.30 am
Momentum indicators point to some recovery
Nifty lost the previous day's low yesterday and closed in a negative territory. The momentum oscillators like relative strength index on hourly chart of Nifty has created a pattern to perform some recovery from lower levels. Immediate resistance can be seen at 4535 and then near 4600. Immediate support is expected at 4425, 4400 levels.
US closed with a mixed to negative mood. Dow Jones ended by adding 9 points while NYSE composite lost 81 points. All Asian markets except China is trading in green to flat.
Most of the Indian ADRs are closed in red at NYSE. Sterlite was the biggest loser -4.35%.
Momentum indicators point to some recovery
Nifty lost the previous day's low yesterday and closed in a negative territory. The momentum oscillators like relative strength index on hourly chart of Nifty has created a pattern to perform some recovery from lower levels. Immediate resistance can be seen at 4535 and then near 4600. Immediate support is expected at 4425, 4400 levels.
US closed with a mixed to negative mood. Dow Jones ended by adding 9 points while NYSE composite lost 81 points. All Asian markets except China is trading in green to flat.
Nifty June 2008 futures were at 4453, at a premium of 3.20 points as compared to spot closing of 4449.80.
The NSE's futures & options (F&O) segment turnover was Rs 53,893.30 crore, which was lower than Rs 58,333.52 crore on Monday, 9 June 2008.
NSE market breadth was weak. 396:784
FIIs were net sellers for 910 crores in capital segment, according to NSE provisional data.
Crude oil at NYMEX corrected from top, lost 3.04 points and closed at $131.31Most of the Indian ADRs are closed in red at NYSE. Sterlite was the biggest loser -4.35%.
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