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Dealer’s Diary
The key benchmark indices snapped their streak of five straight sessions of loss
by closing marginally in green, after trading with healthy gains for most part of
the day. The indices witnessed a gap-up opening following strong cues from
overnight US markets and Asian indices in early morning trade. Although there
were minor sell-offs in the morning and afternoon sessions, markets sustained
the gains until the final session. News of the CBI arresting former telecom
minister A Raja over an alleged telecom scam jolted markets, which gave up all
the gains of the day and closed flat. The Sensex and Nifty ended the day with
gains of 0.4% and 0.3%, respectively. The mid-cap and small-cap indices also
closed flat with a change of 0.0% and 0.1%, respectively. Among the front
liners, Tata Motors, RIL, DLF, Bharti Airtel and TCS gained 2–4%, while Hero
Honda, BHEL, NTPC, Bajaj Auto and HDFC lost 2–5%. Among mid caps,
Prakash Inds., Jain Irrigation, KS Oils, Eicher Motors and KEC Intl. gained
6–10%, while Shree Global Trading, City Union Bank, JSL Stainless, Sobha
Developers and Mahindra Holidays lost 6–20%.
Markets Today
The trend deciding level for the day is 18146/5446 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18250 - 18410/5477 - 5521 levels. However, if NIFTY trades
below 18146/5446 levels for the first half-an-hour of trade then it may correct
up to 17987 - 17883/5402 - 5371 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices snapped their streak of five straight sessions of loss
by closing marginally in green, after trading with healthy gains for most part of
the day. The indices witnessed a gap-up opening following strong cues from
overnight US markets and Asian indices in early morning trade. Although there
were minor sell-offs in the morning and afternoon sessions, markets sustained
the gains until the final session. News of the CBI arresting former telecom
minister A Raja over an alleged telecom scam jolted markets, which gave up all
the gains of the day and closed flat. The Sensex and Nifty ended the day with
gains of 0.4% and 0.3%, respectively. The mid-cap and small-cap indices also
closed flat with a change of 0.0% and 0.1%, respectively. Among the front
liners, Tata Motors, RIL, DLF, Bharti Airtel and TCS gained 2–4%, while Hero
Honda, BHEL, NTPC, Bajaj Auto and HDFC lost 2–5%. Among mid caps,
Prakash Inds., Jain Irrigation, KS Oils, Eicher Motors and KEC Intl. gained
6–10%, while Shree Global Trading, City Union Bank, JSL Stainless, Sobha
Developers and Mahindra Holidays lost 6–20%.
Markets Today
The trend deciding level for the day is 18146/5446 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18250 - 18410/5477 - 5521 levels. However, if NIFTY trades
below 18146/5446 levels for the first half-an-hour of trade then it may correct
up to 17987 - 17883/5402 - 5371 levels.
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