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Dealer’s Diary
The key benchmark indices surged, extending gains for the fifth straight day.
The market slipped into the red after a positive start. The market traded rangebound
and moved between the positive and negative zone in early trade. The
market formed fresh intraday lows in morning trade but recovered soon after
and gradually moved into the positive terrain in mid-morning trade. The market
surged to fresh intraday high in early afternoon trade as the latest data showed
easing of food inflation in early February 2011. The market extended gains in
afternoon trade and continued to move up on sustained buying and hit a fresh
intraday high in mid-afternoon trade. The market again hit a fresh intraday
high in late trade. The Sensex ended the day up by 1.1%, while the Nifty closed
higher by 1.2%. The mid-cap and small-cap indices ended higher by 0.9%
each. Among the front liners, HDFC Bank, HDFC, Bharti Airtel, L&T and Tata
Steel gained 2–4%, while Wipro, ONGC, Jindal Steel, Hindustan Unilever and
NTPC lost 1–3%. Among mid caps, Arss Infra Proj., Manappuram General
Finance, Sobha Developers, Techno Electric and Engineering and Coromandel
International gained 7–20%, while Jubilant Life, KGN Industries, Gujarat NRE
Coke, Prakash Industries and Prestige Estates lost 4–7%.
Markets Today
The trend deciding level for the day is 18,424/5,521 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,615–18,723/5,579-5,611 levels. However, if NIFTY
trades below 18,424/5,521 levels for the first half-an-hour of trade then it may
correct up to 18,316–18,126/5,489-5,431 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices surged, extending gains for the fifth straight day.
The market slipped into the red after a positive start. The market traded rangebound
and moved between the positive and negative zone in early trade. The
market formed fresh intraday lows in morning trade but recovered soon after
and gradually moved into the positive terrain in mid-morning trade. The market
surged to fresh intraday high in early afternoon trade as the latest data showed
easing of food inflation in early February 2011. The market extended gains in
afternoon trade and continued to move up on sustained buying and hit a fresh
intraday high in mid-afternoon trade. The market again hit a fresh intraday
high in late trade. The Sensex ended the day up by 1.1%, while the Nifty closed
higher by 1.2%. The mid-cap and small-cap indices ended higher by 0.9%
each. Among the front liners, HDFC Bank, HDFC, Bharti Airtel, L&T and Tata
Steel gained 2–4%, while Wipro, ONGC, Jindal Steel, Hindustan Unilever and
NTPC lost 1–3%. Among mid caps, Arss Infra Proj., Manappuram General
Finance, Sobha Developers, Techno Electric and Engineering and Coromandel
International gained 7–20%, while Jubilant Life, KGN Industries, Gujarat NRE
Coke, Prakash Industries and Prestige Estates lost 4–7%.
Markets Today
The trend deciding level for the day is 18,424/5,521 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,615–18,723/5,579-5,611 levels. However, if NIFTY
trades below 18,424/5,521 levels for the first half-an-hour of trade then it may
correct up to 18,316–18,126/5,489-5,431 levels.
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