SENSEX HITS 19000; NIFTY HITS 5700
FIIs were net buyers with the tune of ` 890.01 crore (prov. cash market fig) which is much lower than Friday's buying.
The markets gave off from the day’s high but ended in green for the fifth consecutive day. Buying was seen in Auto and Banking counters while reality and Metal counters witnessed selling pressure. The Sensex closed at 18,943 up by 128 points after making an intra-day low of 18,787 and the NSE Nifty up by 33 points to close at 5,687 after hitting a low of 5,626. The mid cap and small cap indices ended on a flat note. The market breadth was flat and the total turnover was ` 1,75,218 crore. The March future ended with 17 points premium.
FOR TODAY: Despite of positive closing, the market breadth stood negative. Eu market closed mixed with negative bias and US markets were closed down. SGX Nifty is trading at 5694, 10 points down (around 8.30 a.m.).
Nifty is in overbought zone. However, WATCH 5758 LEVEL WHICH IS ALSO A CRUCIAL LEVEL (50% RETRACEMENT OF THE FALL FROM THE HIGH MADE 6339 AND THE LOW OF 5177 MADE) ON THE UPSIDE WHEREAS ON THE DOWNSIDE, 5660 IS THE FIRST SUPPORT. THEREAFTER, 5640 AND 5600 MAY ACT AS SUPPORTS.
