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Dealer’s Diary
The key benchmark indices reversed direction after hitting three-month highs at
the onset of the trading session. The market recovered in mid-morning trade;
however, high volatility was the hallmark of the trading session in mid-morning
trade as the market plunged in the red by fresh selling. The market continued to
pare losses till early afternoon trade, with recovery ascending gradually.
Notably, sugar shares edged higher as the government raised stockholding
quota for traders and wholesale dealers from April 1, 2011. The key
benchmark indices recovered during late afternoon trade and settled slightly
below the baseline. The Sensex closed marginally down by 0.1%, while the Nifty
closed flat. Among the front liners, RCOM, Hindalco, BHEL, Sterlite and Cipla
gained 1–2%, while M&M, Tata Power, DLF, Wipro and HDFC lost 1–2%.
Among mid caps, Patel Engg., Alok Inds, UTV Software, JM Financial and
TechPro gained 6–11%, while DEN Networks, Mind Tree, Prestige Estates, REI
Agro and Jubilant Life Sciences lost 2–5%.
Markets Today
The trend deciding level for the day is 19660 / 5898 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19797 – 19907 / 5941 - 5971 levels. However, if NIFTY
trades below 19660 / 5898 levels for the first half-an-hour of trade then it may
correct up to 19550 – 19414 / 5868 - 5825 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices reversed direction after hitting three-month highs at
the onset of the trading session. The market recovered in mid-morning trade;
however, high volatility was the hallmark of the trading session in mid-morning
trade as the market plunged in the red by fresh selling. The market continued to
pare losses till early afternoon trade, with recovery ascending gradually.
Notably, sugar shares edged higher as the government raised stockholding
quota for traders and wholesale dealers from April 1, 2011. The key
benchmark indices recovered during late afternoon trade and settled slightly
below the baseline. The Sensex closed marginally down by 0.1%, while the Nifty
closed flat. Among the front liners, RCOM, Hindalco, BHEL, Sterlite and Cipla
gained 1–2%, while M&M, Tata Power, DLF, Wipro and HDFC lost 1–2%.
Among mid caps, Patel Engg., Alok Inds, UTV Software, JM Financial and
TechPro gained 6–11%, while DEN Networks, Mind Tree, Prestige Estates, REI
Agro and Jubilant Life Sciences lost 2–5%.
Markets Today
The trend deciding level for the day is 19660 / 5898 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19797 – 19907 / 5941 - 5971 levels. However, if NIFTY
trades below 19660 / 5898 levels for the first half-an-hour of trade then it may
correct up to 19550 – 19414 / 5868 - 5825 levels
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