Weak Global Cues , Infact Indian market is doing great,Strong movement in realty shares ( DLF, Unitech ) ,Strong Movement in banking shares,Sugar,Weak in IT sector due to rupees dollar ratio.
It was the day after that historic rally yesterday and it was a fairly range-bound session for us even though cues coming in from the west and rest of the Asia were not too bad. The Sensex has also oscillated 154 points in today but it seemed very volatile.
It was the day after that historic rally yesterday and it was a fairly range-bound session for us even though cues coming in from the west and rest of the Asia were not too bad. The Sensex has also oscillated 154 points in today but it seemed very volatile.
The date-off for the Nifty relatively closing not too much in terms of percentage points gains; but it has been fairly volatile at high moments of trade.
The advance-decline has closed largely in favour of the declines. That’s because on the whole ,mid and smallcap index didn’t do anything special. In fact the midcap index was the best performing index of the day, up about a percent and flat for the smallcap index.
From the futures and options side, the discount oscillated between discount and premium all through the day, eventually closing just about half a point premium for that particular series.
Market Tommorow : Nifty has a support at 4700 and 4640.Have a Big resistance at 4775.
Most probably Market may take some breath before move upside.May see some Downside.
No comments:
Post a Comment