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Dealer’s Diary
The market surged in early trade, tracking higher Asian stocks. The market
regained strength after trimming gains from intraday highs in morning trade.
The market hit a fresh intraday high in mid-morning trade. The market surged
to fresh intraday high in early afternoon trade. The Sensex came sharply off
high in afternoon trade as European shares moved off highs after a firm start
and as US index futures turned negative from positive. The market reversed its
initial rally to hit two-week low in mid-afternoon trade as European shares fell
and as US index futures slumped on fears that the Greek government may
default on its debts. Volatility in European shares and US index futures
triggered high volatility on the domestic bourses in late trade. The Sensex and
Nifty ended with losses of 0.2% and 0.1%, respectively. The mid-cap and
small-cap indices ended flat. Among the front runners, DLF, Jindal Steel, Bajaj
Auto, Wipro and Infosys gained 1-2%, while Tata Motors, SBI, Wipro,
Hindustan Unilever, Jaiprakash Asso and Bharti Airtel lost 1-5%. Among mid
caps, SpiceJet, Madras Cements, Shree Cement, Aventis Pharma and SKS
Microfinance gained 5-6%, while KGN Inds, GTL, Shriram City Uni, Tata
Teleservices and GVK Power lost 4-5%.
Markets Today
The trend deciding level for the day is 16,536/4,961 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,698–16,928/5,010–5,080 levels. However, if NIFTY
trades below 16,536/4,961 levels for the first half-an-hour of trade then it may
correct up to 16,306–16,145/4,891–4,842 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market surged in early trade, tracking higher Asian stocks. The market
regained strength after trimming gains from intraday highs in morning trade.
The market hit a fresh intraday high in mid-morning trade. The market surged
to fresh intraday high in early afternoon trade. The Sensex came sharply off
high in afternoon trade as European shares moved off highs after a firm start
and as US index futures turned negative from positive. The market reversed its
initial rally to hit two-week low in mid-afternoon trade as European shares fell
and as US index futures slumped on fears that the Greek government may
default on its debts. Volatility in European shares and US index futures
triggered high volatility on the domestic bourses in late trade. The Sensex and
Nifty ended with losses of 0.2% and 0.1%, respectively. The mid-cap and
small-cap indices ended flat. Among the front runners, DLF, Jindal Steel, Bajaj
Auto, Wipro and Infosys gained 1-2%, while Tata Motors, SBI, Wipro,
Hindustan Unilever, Jaiprakash Asso and Bharti Airtel lost 1-5%. Among mid
caps, SpiceJet, Madras Cements, Shree Cement, Aventis Pharma and SKS
Microfinance gained 5-6%, while KGN Inds, GTL, Shriram City Uni, Tata
Teleservices and GVK Power lost 4-5%.
Markets Today
The trend deciding level for the day is 16,536/4,961 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,698–16,928/5,010–5,080 levels. However, if NIFTY
trades below 16,536/4,961 levels for the first half-an-hour of trade then it may
correct up to 16,306–16,145/4,891–4,842 levels.
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