FIIs were net sellers with the tune of Rs 97.02 cr (prov. cash market fig).
Despite positive global cues Indian market failed to hold the positive zone and closed with marginal losses. High crude prices affected the market negatively. The Sensex closed at 17839, down 39 points from its previous close, and Nifty closed at 5364, down 8 points. The CNX Midcap index was down 0.1% and the BSE Smallcap index was down 0.3%. The market breadth was negative with advances at 481 against declines of 804 on the NSE.
FOR TODAY: EU as well as US markets closed in green with a upmove of nearly 1.5-2%. All Asian markets are trading in positive. SGX Nifty is trading at 5404, up 17 points (around 8.45 am). All these indicators are indicating nifty spot may open around 5404-05 area and will try to move past 5414-5419 area which was a tough resistance yesterday. If and only if nifty spot crossed 5420/5433 area, it may touch 5450 and 5477 subject to global cues conditions. On the flip side, if nifty spot not able to cross 5410 with volume and breaches 5400 again, we may see 5378/5350 and below yesterday's low (5348) 5310 also.
Note: Holding only one lot of 5400 CE. I may exit if nifty spot does not hold 5400 area in the first 15 minutes.
Note: Holding only one lot of 5400 CE. I may exit if nifty spot does not hold 5400 area in the first 15 minutes.
