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Markets Today
The trend deciding level for the day is 19575/5872 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19828–19964/5949–5990 levels. However, if NIFTY trades
below 19575/5872 levels for the first half-an-hour of trade then it may correct
up to 19439–19185/5831–5755 levels.
Dealer’s Diary
The key benchmark indices started the week on a buoyant note, extending
Friday’s gains, on firm global stocks. Intraday volatility was high. The market
regained the positive zone after slipping into the red for a brief period after a
firm start. Stocks extended gains in morning trade. The market reversed gains in
mid-morning trade after a sudden slide and came off lows. The market moved
in a narrow range in afternoon trade and regained positive zone in midafternoon
trade as European stocks rose in early trade. The market extended
gains in late trade with the Sensex and Nifty closing up by 0.9% each. BSE midcap
and small-cap indices closed up by 1.8% and 2.0%, respectively. Among
the front liners Reliance Infra, HDFC, Hindalco Industries, DLF and BHEL gained
3–4%, while ITC, M&M, Hero Honda, Wipro and TCS lost 0–2%. Among mid
caps, Sunteck Realty, S Kumar Nation, Emami, Dewan Housing and KS Oils
gained 11–20%, while MVL, Money Matters, Birla Corp., Shree Ashtavinayak
and United Phosphorous lost 4–10%.
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