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Dealer’s Diary
Trading for the new financial year began on an upbeat note with data showing
heavy buying by foreign funds coupled with gains in Asian stocks, which
underpinned sentiments. The market swung between gains and losses in
mid-morning trade. The key benchmark indices regained the positive zone after
hitting fresh intraday lows in mid-morning trade, supported by data showing
strong manufacturing in March 2011 and higher sales by car major Maruti
Suzuki in the previous month. However, volatility was witnessed as the key
benchmark indices slipped into the red soon after a rebound in mid-afternoon
trade. The key benchmark indices ended a choppy trading session as profittaking
emerged after recent strong gains. The Sensex and Nifty lost 0.1% each.
The mid-cap and small-cap indices closed up by around 1.6% and 2.2%,
respectively. Among the front liners, RCOM, JP Associates, BHEL, Hindalco and
M&M gained 2–4%, while NTPC, SBI, RIL, Tata Power and ICICI Bank lost
1–2%. Among mid caps, Hindustan Oil, Electrosteel Castings, Jindal South,
Kingfisher Air and Ispat gained 10–12%, while Kansai Nerolac, Rajesh Exports,
Sanwaria Agro, Jagran Prakshan and Zydus Wellness lost 3–4%
Markets Today
The trend deciding level for the day is 19455 / 5832 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19528 – 19635 / 5854 - 5882 levels. However, if NIFTY
trades below 19455 / 5832 levels for the first half-an-hour of trade then it may
correct up to 19348 – 19275 / 5804 - 5782 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
Trading for the new financial year began on an upbeat note with data showing
heavy buying by foreign funds coupled with gains in Asian stocks, which
underpinned sentiments. The market swung between gains and losses in
mid-morning trade. The key benchmark indices regained the positive zone after
hitting fresh intraday lows in mid-morning trade, supported by data showing
strong manufacturing in March 2011 and higher sales by car major Maruti
Suzuki in the previous month. However, volatility was witnessed as the key
benchmark indices slipped into the red soon after a rebound in mid-afternoon
trade. The key benchmark indices ended a choppy trading session as profittaking
emerged after recent strong gains. The Sensex and Nifty lost 0.1% each.
The mid-cap and small-cap indices closed up by around 1.6% and 2.2%,
respectively. Among the front liners, RCOM, JP Associates, BHEL, Hindalco and
M&M gained 2–4%, while NTPC, SBI, RIL, Tata Power and ICICI Bank lost
1–2%. Among mid caps, Hindustan Oil, Electrosteel Castings, Jindal South,
Kingfisher Air and Ispat gained 10–12%, while Kansai Nerolac, Rajesh Exports,
Sanwaria Agro, Jagran Prakshan and Zydus Wellness lost 3–4%
Markets Today
The trend deciding level for the day is 19455 / 5832 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19528 – 19635 / 5854 - 5882 levels. However, if NIFTY
trades below 19455 / 5832 levels for the first half-an-hour of trade then it may
correct up to 19348 – 19275 / 5804 - 5782 levels.
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