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Dealer’s Diary
The market struck 2.5-month highs at the onset of the trading session yesterday,
as data showing sustained buying by foreign funds boosted sentiments but soon
pared gains. A bout of volatility was witnessed in morning trade as the key
indices regained strength soon. The market raced to fresh 2.5-month high in
mid-morning trade as most Asian stocks rose. Buying frenzy in early afternoon
trade pushed the market to fresh 2.5-month high. The market again pared
gains in afternoon trade. The key benchmark indices saw wild intraday
gyrations during the last two hours of trade as traders rolled over positions from
the near-month March 2011 contracts to April 2011 contracts, ahead of today's
expiry of the near-month March 2011 contracts, with the Sensex and Nifty
closing up by 0.8% each. The mid-cap and small-cap indices closed up by 0.3%
and 0.2%, respectively. Among the front liners, Bajaj Auto, ONGC, TCS, HUL
and Hero Honda gained 2–3%, while SBI, Cipla, Reliance Communications,
M&M and Maruti Suzuki lost 1–3%. Among mid caps, BOC India, Kansai
Nerolac, Mindtree, Kirloskar Brothers and P&G gained 6–12%, while Himadri
Chemicals, JM Financial, Motilal Oswal, Jet Air India and SpiceJet lost 4–5%
Markets Today
The trend deciding level for the day is 19435/5828 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19585–19726/5877–5920 levels. However, if NIFTY trades
below 19435/5828 levels for the first half-an-hour of trade then it may correct
up to 19295–19144/5785–5735 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market struck 2.5-month highs at the onset of the trading session yesterday,
as data showing sustained buying by foreign funds boosted sentiments but soon
pared gains. A bout of volatility was witnessed in morning trade as the key
indices regained strength soon. The market raced to fresh 2.5-month high in
mid-morning trade as most Asian stocks rose. Buying frenzy in early afternoon
trade pushed the market to fresh 2.5-month high. The market again pared
gains in afternoon trade. The key benchmark indices saw wild intraday
gyrations during the last two hours of trade as traders rolled over positions from
the near-month March 2011 contracts to April 2011 contracts, ahead of today's
expiry of the near-month March 2011 contracts, with the Sensex and Nifty
closing up by 0.8% each. The mid-cap and small-cap indices closed up by 0.3%
and 0.2%, respectively. Among the front liners, Bajaj Auto, ONGC, TCS, HUL
and Hero Honda gained 2–3%, while SBI, Cipla, Reliance Communications,
M&M and Maruti Suzuki lost 1–3%. Among mid caps, BOC India, Kansai
Nerolac, Mindtree, Kirloskar Brothers and P&G gained 6–12%, while Himadri
Chemicals, JM Financial, Motilal Oswal, Jet Air India and SpiceJet lost 4–5%
Markets Today
The trend deciding level for the day is 19435/5828 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19585–19726/5877–5920 levels. However, if NIFTY trades
below 19435/5828 levels for the first half-an-hour of trade then it may correct
up to 19295–19144/5785–5735 levels.
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