FIIs were net buyers with buying worth Rs. 418.51 cr (prov. cash market fig).
A marginally positive Budget, impressive monthly auto sales figures coupled with upbeat economic reports boosted the sentiment on Dalal-Street. The Sensex extended gains hitting a new high of 18,476.08 on relentless buying seen across board. Auto, banking, capital goods, realty and metal space drive the Sensex to settle above 18,400 level.
At the close, the benchmark 30-share index, BSE Sensex gained 623.33 points or 3.50% at 18,446.73 with 30 components registering rise. Meanwhile, the broad based NSE Nifty went up by 189.05 or 3.54% at 5,522.30 with 50 components posting rise
FOR TODAY:. I am neither a BULL nor a BEAR. I am trying to trade with levels, trend and price movement with volume.
Due to Maha Shivaratri, yesterday our market was closed or otherwise, we may have seen a decent pull back in our market. However, EU markets were closed in RED while US market were closed in flat to positive, ending higher though CRUDE touches $102, the multi-year high. Experts are expecting this may touch 127-128 $ even.
Asian markets are trading in positive note though they were closed in deep RED yesterday. SGX Nifty is trading at 5492, down 63 points at 8.45 AM, covered some of its loss while it was around 5475 earlier.
WATCH NIFTY SPOT LEVEL 5489-5490 level. Above 5490, it will try to move up again towards 5550 level and if crosses the same, we may see 5600. Remember, its still trading below its 200DMA level. On the flip side, if breaches 5477 level, we may see 5420 and even 5374 level.
TRADE WITH STOPLOSS ONLY
