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Dealer’s Diary
The key benchmark indices pared their initial gains after a positive start
following strong gains in Asian markets. The market remained volatile in the
morning session as the major indices swung between gains and losses in early
trade. The market regained the positive zone in afternoon trade as buying was
witnessed at lower levels. However, intraday volatility continued in midafternoon
session and sentiments turned negative as European indices opened
in red. The indices hit fresh intraday low in the final session; nevertheless, they
recovered from the lower levels in late trade. Finally, the Sensex closed in red,
down 0.1%, while Nifty gained 0.1%. The mid-cap and small-cap indices
underperformed and closed with losses of 0.8% each. Among the front runners,
M&M, ONGC, Cipla, Bajaj Auto and Tata Power gained 1–3%, while Hindustan
Unilever, Maruti Suzuki, Bharti Airtel, TCS and Jindal Steel lost 1–4%. Among
mid caps, HMT, Hotel Leela, Orchid Chemicals, Bhushan Steel and Kwality
Dairy gained 3–7%, while Peninsula Land, GTL, Anant Raj Industries,
Network18 and GVK Power lost 5–6%.
Markets Today
The trend deciding level for the day is 17,574/5,284 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,656 - 17,761/5,305 - 5,332 levels. However, if NIFTY
trades below 17,574/5,284 levels for the first half-an-hour of trade then it may
correct up to 17,469 – 17,387/5,257 – 5,236 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices pared their initial gains after a positive start
following strong gains in Asian markets. The market remained volatile in the
morning session as the major indices swung between gains and losses in early
trade. The market regained the positive zone in afternoon trade as buying was
witnessed at lower levels. However, intraday volatility continued in midafternoon
session and sentiments turned negative as European indices opened
in red. The indices hit fresh intraday low in the final session; nevertheless, they
recovered from the lower levels in late trade. Finally, the Sensex closed in red,
down 0.1%, while Nifty gained 0.1%. The mid-cap and small-cap indices
underperformed and closed with losses of 0.8% each. Among the front runners,
M&M, ONGC, Cipla, Bajaj Auto and Tata Power gained 1–3%, while Hindustan
Unilever, Maruti Suzuki, Bharti Airtel, TCS and Jindal Steel lost 1–4%. Among
mid caps, HMT, Hotel Leela, Orchid Chemicals, Bhushan Steel and Kwality
Dairy gained 3–7%, while Peninsula Land, GTL, Anant Raj Industries,
Network18 and GVK Power lost 5–6%.
Markets Today
The trend deciding level for the day is 17,574/5,284 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,656 - 17,761/5,305 - 5,332 levels. However, if NIFTY
trades below 17,574/5,284 levels for the first half-an-hour of trade then it may
correct up to 17,469 – 17,387/5,257 – 5,236 levels.
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