"TRADING IDEA FOR TUESDAY (18.01.2011)"

The BSE 30-share Sensex was up 21.81 points or 0.12% to 18,882.25. The index shed 81.06 points at the day's low of 18,779.38 in early trade, its lowest level since 9 September 2010. The Sensex rose 158.50 points at the day's high of 19,018.94 in afternoon trade.
The S&P CNX Nifty was almost unchanged at 5,654.75. The Nifty hit a low of 5,624.15 in early trade, its lowest level since 9 September 2010.
The BSE Mid-Cap index fell 1.39%. The BSE Small-Cap index declined 1.4%. Both these indices underperformed Sensex.
Sectoral indices on BSE were mixed. The BSE IT index (up 1.73%), Consumer Durables index (up 0.25%), banking sector index Bankex (up 0.23%), and FMCG index (up 0.16%), outperformed the Sensex. The Realty index (down 2.37%), Metal index (down 1.32%), Capital Goods index (down 1.17%), Power index (down 1.16%), Healthcare index (down 0.59%), PSU index (down 0.44%), Oil & Gas index (down 0.34%), and Auto index (down 0.08%), underperformed the Sensex.
The market breadth was weak. On BSE, 2,041 shares declined while 860 shares advanced and a total of 98 shares remained unchanged.
Among the 30-member Sensex pack, 17 declined while the rest rose.
BSE clocked turnover of Rs 3040 crore, lower than Rs 3148 crore on Friday, 14 January 2011.
FOR TODAY: NIFTY Res 5692-5736-5780 Sup 5608-5572-5530
May open up and will try to go and cross 5700 level. Above 5708, it may touch 5750.
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