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Dealer’s Diary
The market was volatile for the second day in a row. The market recovered after
hitting 3-week low at the onset of the trading session. Intraday volatility
continued as the market weakened once again after recovering from lower level
to hit fresh intraday high in mid-morning trade. The market moved in a tight
range in the negative terrain in early afternoon trade after RBI's rate hike
announcement. The key benchmark weakened once again after moving into
positive zone for a brief period in afternoon trade. Intraday volatility continued
as the market trimmed losses in mid-afternoon trade. The market once again
trimmed losses after hitting fresh intraday lows in late trade. The Sensex and
Nifty closed with losses of 0.8% and 0.9%, respectively. The Mid-cap and Smallcap
index too closed in the red with losses of 0.7% and 0.5%, respectively.
Among the front runners, Reliance Infra, Hindustan Unilever, SBI, BHEL and
ONGC gained 0–2% while TCS, Sterlite Inds, L&T, Wipro and Maruti Suzuki lost
2–3%. Among mid-caps, Century Tex, D B Realty, SKS Microfinance, Punj Lloyd
and Torrent Pharma gained 3-6% while, IVRCL LTD, TTK Prestige, Anant Raj
Inds, Bank of Maharashtra and India Infoline lost 4-5%.
Markets Today
The trend deciding level for the day is 18,033/5,411 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,108–18,229/5,433-5,469 levels. However, if NIFTY
trades below 18,033/5,411 levels for the first half-an-hour of trade then it may
correct up to 17,912–17,837/5,375-5,354 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market was volatile for the second day in a row. The market recovered after
hitting 3-week low at the onset of the trading session. Intraday volatility
continued as the market weakened once again after recovering from lower level
to hit fresh intraday high in mid-morning trade. The market moved in a tight
range in the negative terrain in early afternoon trade after RBI's rate hike
announcement. The key benchmark weakened once again after moving into
positive zone for a brief period in afternoon trade. Intraday volatility continued
as the market trimmed losses in mid-afternoon trade. The market once again
trimmed losses after hitting fresh intraday lows in late trade. The Sensex and
Nifty closed with losses of 0.8% and 0.9%, respectively. The Mid-cap and Smallcap
index too closed in the red with losses of 0.7% and 0.5%, respectively.
Among the front runners, Reliance Infra, Hindustan Unilever, SBI, BHEL and
ONGC gained 0–2% while TCS, Sterlite Inds, L&T, Wipro and Maruti Suzuki lost
2–3%. Among mid-caps, Century Tex, D B Realty, SKS Microfinance, Punj Lloyd
and Torrent Pharma gained 3-6% while, IVRCL LTD, TTK Prestige, Anant Raj
Inds, Bank of Maharashtra and India Infoline lost 4-5%.
Markets Today
The trend deciding level for the day is 18,033/5,411 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,108–18,229/5,433-5,469 levels. However, if NIFTY
trades below 18,033/5,411 levels for the first half-an-hour of trade then it may
correct up to 17,912–17,837/5,375-5,354 levels.
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