Amateurs want to be right. Professionals want to make money.
FIIs were net buyers with the tune of ` 739.61 crore (prov. cash market fig).
The BSE 30-share Sensex was up 169.38 points or 0.89% to 19,290.18, its highest closing since 12 January 2011. The Sensex gained 236.30 points at the day's high of 19,357.10 in afternoon trade. The index rose 57.97 points at the day's low of 19,178.77 in early trade. The S&P CNX Nifty was up 51.30 points or 0.89% to 5,787.65, its highest closing since 12 January 2011. The Nifty made a high of 5,803.15 in intraday trade. The BSE Mid-Cap index rose 1.51% and the BSE Small-Cap index rose 2.20%. Both these indices outperformed the Sensex. Among the 30-member Sensex pack, 27 gained while only three of them declined.
The market breadth was strong. On BSE, 2081 shares advanced while 813 shares declined and a total of 95 shares remained unchanged.
The total turnover on BSE amounted to ` 3023 crore, lower than Tuesday's ` 3,744.99 crore.
FOR DETAILS, “READ HERE”.
FOR TODAY: Though market is fully on overbought zone but still it is going up and continued for the seventh consecutive days. Being expiry day, market will be volatile. Chances are there that Nifty will expire March Series between 5750 and 5800. WATCH 5758-5767 LEVEL AND IF IT BREACHES WITH VOLUME, WE MAY EXPECT BELOW 5750. PROBABLY TODAY'S NIFTY RANGE WILL BE BETWEEN 5774 AND 5825.
ALWAYS TRADE WITH STOPLOSS.
