4 Jun 2008, 9.00 am
Support @ 4630 is crucial for short term
After the volatile trade Nifty could find a stop of falling at 4630 which is remaining crucial for short term trade. This level may be protected by the bulls. Today morning trade may be volatile on mixed global cue. Bulls my ring up at lower levels. 4800 and 4830 are the upside targets/resistance levels for Nifty. Breaking 4630 can give more downside momentum to test 4500 for Index.
US markets lost 100 more points in Dow Jones. All other indices closed in red. Asian markets are trading mixed. Nikkei in +175 while HSI in -165.
Support @ 4630 is crucial for short term
After the volatile trade Nifty could find a stop of falling at 4630 which is remaining crucial for short term trade. This level may be protected by the bulls. Today morning trade may be volatile on mixed global cue. Bulls my ring up at lower levels. 4800 and 4830 are the upside targets/resistance levels for Nifty. Breaking 4630 can give more downside momentum to test 4500 for Index.
US markets lost 100 more points in Dow Jones. All other indices closed in red. Asian markets are trading mixed. Nikkei in +175 while HSI in -165.
Nifty June 2008 futures were at 4706, at a discount of 9.90 points as compared to spot closing of 4715.90.
The NSE's futures & options (F&O) segment turnover was Rs 40,448.71 crore, which was higher than Rs 35,257.77 crore on Monday, 2 June 2008.
NSE advances:declines was 345:852 - Negative market breadth.
FIIS were net sellers for 1020 crores in capital segment according to NSE provisional data.
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