The FIIs were net sellers to the tune of Rs 554.60cr (prov. cash market fig).
Indian equity benchmarks continued the downtrend for the second consecutive session on the back of the fall seen in European markets and further rise in crude oil prices. After trading flat in earlier hours, Indian market faced selling pressure and finally ended weak. Sensex closed at 18178, down 117 points and Nifty at 5437, down 31 points from the previous close. CNX Midcap index was down 0.7% and BSE Small cap index was down 0.3%. The market breadth was negative with advances at 454 against declines of 828 on the NSE. Top Nifty gainers were Reliance Infrastructure, Hero Honda and Reliance Capital while losers included Ranbaxy, SBI and DLF.
FOR TODAY: EU and US markets closed in RED and Asian markets are trading mixed. Except Hanseng and Taiwan, mostly are trading flat to negative. However Hangseng and Taiwan are trading 0.5% and more than 1% higher. SGX Nifty is trading at 5430, 11 points down suggesting Nifty spot may open around this level. Watch 5424/5415/5400 level as support. Below 5400 level, Nifty has a good support at 5389/5360 area. On the flip side, Nifty has multiple resistance at 5469/5490/5511 level.
FOR TODAY: EU and US markets closed in RED and Asian markets are trading mixed. Except Hanseng and Taiwan, mostly are trading flat to negative. However Hangseng and Taiwan are trading 0.5% and more than 1% higher. SGX Nifty is trading at 5430, 11 points down suggesting Nifty spot may open around this level. Watch 5424/5415/5400 level as support. Below 5400 level, Nifty has a good support at 5389/5360 area. On the flip side, Nifty has multiple resistance at 5469/5490/5511 level.
Due to expiry day, wild swing and volatility may be seen. Whatever the trading is, ACT SWIFTLY. IT MAY GIVE YOU A DECENT PROFIT WITHIN A MINUTE AS WELL AS IT MAY EVAPORATE A LARGE CHUNK OF YOUR INTRADAY TRADING INVESTMENT/CAPITAL. BETTER TO AVOID TODAY'S TRADING. JUST WAIT AND WATCH HOW THE PRICE AND VOLUME PANS OUT WITH GLOBAL CUES. RISING OIL PRICE, DOLLAR VALUE AND TOMORROW'S RAIL BUDGET TRIGGER.
