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Dealer’s Diary
The market edged lower amid initial volatility as most Asian stocks fell.
Volatility continued as the market trimmed gains after surging to fresh intraday
high in morning trade. The market slipped into the red to hit fresh day's low in
mid-morning trade. The market weakened again after recovering from the
day's low to turn positive for a brief period in early afternoon trade. The market
hit a fresh intraday low in afternoon trade as European markets opened lower.
The market extended losses in mid-afternoon trade. The market trimmed losses
after hitting fresh intraday lows in late trade. Sensex and Nifty ended lower by
1.89% and1.9%, respectively. The mid-cap and small cap indices closed also
down by 2.3% and 2.7%, respectively. Among the front runners, Hero-Motoco,
Mahindra & Mahindra and Infosys gained 1-3% while, Jaiprakash Asso, DLF,
Tata Steel, RIL and Coal India lost 4-8%. Among mid-caps, ABG Shipyard, Alfa
Laval, Infotech Enter, Vardhman Tex and Gitanjali Gems gained 2-4% while,
TV18 Broadcast, MTNL, Tata Teleservices, Sujana Towers and IVRCL LTD lost
8-13%.
Markets Today
The trend deciding level for the day is 15,957 / 4,780 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,148 – 16,448 / 4,840 – 4,932 levels. However, if NIFTY
trades below 15,957 / 4,780 levels for the first half-an-hour of trade then it
may correct up to 15,657 – 15,466 / 4,688 – 4,628 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged lower amid initial volatility as most Asian stocks fell.
Volatility continued as the market trimmed gains after surging to fresh intraday
high in morning trade. The market slipped into the red to hit fresh day's low in
mid-morning trade. The market weakened again after recovering from the
day's low to turn positive for a brief period in early afternoon trade. The market
hit a fresh intraday low in afternoon trade as European markets opened lower.
The market extended losses in mid-afternoon trade. The market trimmed losses
after hitting fresh intraday lows in late trade. Sensex and Nifty ended lower by
1.89% and1.9%, respectively. The mid-cap and small cap indices closed also
down by 2.3% and 2.7%, respectively. Among the front runners, Hero-Motoco,
Mahindra & Mahindra and Infosys gained 1-3% while, Jaiprakash Asso, DLF,
Tata Steel, RIL and Coal India lost 4-8%. Among mid-caps, ABG Shipyard, Alfa
Laval, Infotech Enter, Vardhman Tex and Gitanjali Gems gained 2-4% while,
TV18 Broadcast, MTNL, Tata Teleservices, Sujana Towers and IVRCL LTD lost
8-13%.
Markets Today
The trend deciding level for the day is 15,957 / 4,780 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,148 – 16,448 / 4,840 – 4,932 levels. However, if NIFTY
trades below 15,957 / 4,780 levels for the first half-an-hour of trade then it
may correct up to 15,657 – 15,466 / 4,688 – 4,628 levels
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