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Dealer’s Diary
The key benchmark indices opened in red, taking cues from weak Asian indices
and global apprehensions about political crisis in Egypt. Volatility ruled the roost
for the day as the market witnessed sharp gyrations throughout the session. The
market began to recover from its fall in the morning session, but slipped sharply
before resuming its uptrend. While it managed to recover all losses and trade
flat by the end of the afternoon session, it was poked by a sharp slide, which
was arrested by an equally swift up-move in the final hour. Finally, the Sensex
and Nifty ended the day with losses of 0.4% and 0.1%, respectively. The midcap
and small-cap indices were also weak, losing 0.4% and 0.8%, respectively.
Among the front liners, ONGC, BHEL, Hindalco, L&T and M&M gained 2–4%,
while JP Associates, ITC, HDFC, Bharti Airtel and Reliance Infra lost 2–5%.
Among mid caps, United Breweries, Edelweiss, KEC, Cholamandalam Inv. and
Shree Global trading gained 5–8%, while Jain Irrigation, Ramky Infra, CMC,
Nava Bharat Ventures and Sanwaria Agro lost 5–11%.
Markets Today
The trend deciding level for the day is 18254/5483 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18470 - 18612/5550 - 5593 levels. However, if NIFTY trades
below 18254/5483 levels for the first half-an-hour of trade then it may correct
up to 18112 - 17897/5439 - 5373 levels.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices opened in red, taking cues from weak Asian indices
and global apprehensions about political crisis in Egypt. Volatility ruled the roost
for the day as the market witnessed sharp gyrations throughout the session. The
market began to recover from its fall in the morning session, but slipped sharply
before resuming its uptrend. While it managed to recover all losses and trade
flat by the end of the afternoon session, it was poked by a sharp slide, which
was arrested by an equally swift up-move in the final hour. Finally, the Sensex
and Nifty ended the day with losses of 0.4% and 0.1%, respectively. The midcap
and small-cap indices were also weak, losing 0.4% and 0.8%, respectively.
Among the front liners, ONGC, BHEL, Hindalco, L&T and M&M gained 2–4%,
while JP Associates, ITC, HDFC, Bharti Airtel and Reliance Infra lost 2–5%.
Among mid caps, United Breweries, Edelweiss, KEC, Cholamandalam Inv. and
Shree Global trading gained 5–8%, while Jain Irrigation, Ramky Infra, CMC,
Nava Bharat Ventures and Sanwaria Agro lost 5–11%.
Markets Today
The trend deciding level for the day is 18254/5483 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18470 - 18612/5550 - 5593 levels. However, if NIFTY trades
below 18254/5483 levels for the first half-an-hour of trade then it may correct
up to 18112 - 17897/5439 - 5373 levels.
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