16 June 2008, 9.00 am
4550 is the trigger for Nifty.
Further momentum in the market is expected above 4550 of Nifty. The technical indicators are giving some positive signs in the market. Most of the front line stocks are well accumulated in last two trading sessions. Likely 4590-4600 can be achieved during the coming action. 4640 is the next target. Buying support can be expected at 4490 and 4450 levels.
The global market are in a positive mood. Dow Jones added 166 points in a recovery rally on Friday. All Asian markets are tracking US cue. Nikkei has won 205 points and HSI has a gain of more than 400 points in early trade. The same trend can be expected here also.
Friday Facts:
4550 is the trigger for Nifty.
Further momentum in the market is expected above 4550 of Nifty. The technical indicators are giving some positive signs in the market. Most of the front line stocks are well accumulated in last two trading sessions. Likely 4590-4600 can be achieved during the coming action. 4640 is the next target. Buying support can be expected at 4490 and 4450 levels.
The global market are in a positive mood. Dow Jones added 166 points in a recovery rally on Friday. All Asian markets are tracking US cue. Nikkei has won 205 points and HSI has a gain of more than 400 points in early trade. The same trend can be expected here also.
Friday Facts:
Nifty June 2008 futures were at 4482.10, at a discount of 35 points as compared to spot closing of 4517.10.
NSE's futures & options (F&O) segment turnover was Rs 41,003.40 crore, which was lower than Rs 52,333.46 crore on Thursday, 12 June 2008. A turnover drop seen at F&O Segment.
Positive market breadth at NSE. Advances : Declines was 639:539.
FIIs were net sellers in capital segment on Friday - 116 crores, according to NSE provisional data.
Crude oil at NYMEX closed at $ 134.86 with a drop of $1.88.
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