Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices surged to three-week high in early trade, tracking
firm Asian stocks. The market extended gains in morning trade but reversed its
direction in mid-morning trade on reports that the CBI has raided offices of
Kalaignar TV. The market edged lower once again after moving between the
positive and negative terrain in early afternoon trade and hit a fresh intraday
low later. A strong intraday rebound pushed the Sensex into green for a short
while but soon weakened again and slumped to hit fresh intraday lows in late
trade on political worries, with the Sensex and Nifty ending 1.6% lower.
The next major trigger for the stock market is the Union Budget 2011–12, to be
unveiled by the Finance Minister on February 28, 2011. The mid-cap and
small-cap indices ended lower by 2.0% and 2.4%, respectively. Among the front
liners, HUL, Jindal Steel, Cipla, BHEL and Wipro gained 0–2%, while RCOM,
R-Infra, JP Associates, Tata Motors and ONGC lost 3–7%. Among mid caps,
STC, Bank of Maharashtra, Info Edge India, City Union Bank and
KGN Industries gained 4–10%, while Anant Raj Industries, Deccan Chronicle,
Jain Irrigation, Dish TV India and Jai Corp. lost 6–20%.
Markets Today
The trend deciding level for the day is 18,354/5,500 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,548–18885/5,558–5,657 levels. However, if NIFTY trades
below 18,354/5,500 levels for the first half-an-hour of trade then it may correct
up to 18,017–17,823/5,401–5,343 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 to three-week high in early trade, tracking
firm Asian stocks. The market extended gains in morning trade but reversed its
direction in mid-morning trade on reports that the CBI has raided offices of
Kalaignar TV. The market edged lower once again after moving between the
positive and negative terrain in early afternoon trade and hit a fresh intraday
low later. A strong intraday rebound pushed the Sensex into green for a short
while but soon weakened again and slumped to hit fresh intraday lows in late
trade on political worries, with the Sensex and Nifty ending 1.6% lower.
The next major trigger for the stock market is the Union Budget 2011–12, to be
unveiled by the Finance Minister on February 28, 2011. The mid-cap and
small-cap indices ended lower by 2.0% and 2.4%, respectively. Among the front
liners, HUL, Jindal Steel, Cipla, BHEL and Wipro gained 0–2%, while RCOM,
R-Infra, JP Associates, Tata Motors and ONGC lost 3–7%. Among mid caps,
STC, Bank of Maharashtra, Info Edge India, City Union Bank and
KGN Industries gained 4–10%, while Anant Raj Industries, Deccan Chronicle,
Jain Irrigation, Dish TV India and Jai Corp. lost 6–20%.
Markets Today
The trend deciding level for the day is 18,354/5,500 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,548–18885/5,558–5,657 levels. However, if NIFTY trades
below 18,354/5,500 levels for the first half-an-hour of trade then it may correct
up to 18,017–17,823/5,401–5,343 levels.
No comments:
Post a Comment