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Dealer’s Diary
The market surged in morning trade, striking a two-month high, buoyed by
data showing heavy buying by foreign funds, but again came off slightly.
The market hovered near its two-month high in mid-morning trade. The Sensex
struck a fresh two-month high in early afternoon trade and extended gains in
afternoon trade. The market once again pared gains but gained strength in
mid-afternoon trade. Volatility ruled the roost during the last two hours of trade,
as lower European stocks pulled the Indian market off the two-month high, with
the Sensex and Nifty closing up by 0.9% each. The mid-cap index closed flat,
while the small-cap index closed down by 0.4%. Among the front liners, RCOM,
Maruti Suzuki, DLF, Bharti Airtel and Tata Power gained 2–4%, while BHEL and
ICICI Bank lost 0–2%. Among mid caps, Puravankara Projects, Himadri
Chemicals, J&K Bank, Dewan Housing Finance and BASF India gained 7–10%,
while Shree Global Trd., Den Network, Shree Ashtavinayak, KGN Industries and
MVL lost 4.5–10%.
Markets Today
The trend deciding level for the day is 19,097/5,729 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,250–19,379/5,778–5,819 levels. However, if NIFTY
trades below 19,097/5,729 levels for the first half-an-hour of trade then it may
correct up to 18,968–18,816/5,688–5,639 levels.
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Dealer’s Diary
The market surged in morning trade, striking a two-month high, buoyed by
data showing heavy buying by foreign funds, but again came off slightly.
The market hovered near its two-month high in mid-morning trade. The Sensex
struck a fresh two-month high in early afternoon trade and extended gains in
afternoon trade. The market once again pared gains but gained strength in
mid-afternoon trade. Volatility ruled the roost during the last two hours of trade,
as lower European stocks pulled the Indian market off the two-month high, with
the Sensex and Nifty closing up by 0.9% each. The mid-cap index closed flat,
while the small-cap index closed down by 0.4%. Among the front liners, RCOM,
Maruti Suzuki, DLF, Bharti Airtel and Tata Power gained 2–4%, while BHEL and
ICICI Bank lost 0–2%. Among mid caps, Puravankara Projects, Himadri
Chemicals, J&K Bank, Dewan Housing Finance and BASF India gained 7–10%,
while Shree Global Trd., Den Network, Shree Ashtavinayak, KGN Industries and
MVL lost 4.5–10%.
Markets Today
The trend deciding level for the day is 19,097/5,729 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,250–19,379/5,778–5,819 levels. However, if NIFTY
trades below 19,097/5,729 levels for the first half-an-hour of trade then it may
correct up to 18,968–18,816/5,688–5,639 levels.
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