FIIs were net buyers with the tune of ` 384.85 crore (prov. cash market fig).
The BSE 30-share Sensex was down 139.73 points or 0.71% to 19,451.45, its lowest closing level since 1 April 2011. The Sensex fell 202.76 points at the day's low of 19,388.42 in late trade. The index gained 106.03 points at the day's high of 19,697.21 in early trade. The S&P CNX Nifty was down 43.70 points or 0.74% to 5,842 it lowest closing level since 1 April 2011. Nifty hit low of 5,822 in late trade. The BSE Mid-Cap index fell 1.25% and the BSE Small-Cap index declined 1.4%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1943 shares declined while 1009 shares advanced and a total of 87 shares remained unchanged. The breadth was strong at the onset of the trading session.
Among the 30-member Sensex pack, 25 declined while the rest advanced.
FOR DETAILS, “READ HERE".
FNO DATA:
- High put option open interest build up of around 6.4 mn and 5.1 mn is seen at 5700 and 5600 strikes respectively, indicating that they will act as strong supports.
- High call option open interest build up of around 7.2 mn and 3.9 mn is seen at 6000 and 6100 strikes respectively, indicating that they will act as strong resistances.
- Nifty is trading at a premium of 12-13 points as compared to a premium of 35-36 points as of the previous trading week.
- The PCR for Nifty based on open interest was up at 1.32 as compared to 1.30 as of the previous trading week.
- The PCR for Nifty based on Volumes was down at 1.11 as compared to 1.30 as of the previous trading week.
- Nifty Futures open interest saw a decrease of around 4.57%.
- In Index Futures FII’s were net buyers to the tune of ` 270 crore with an open interest increase of around ` 3099 crore as compared to net
- buying of ` 6155 crore with an open interest increase of around ` 702 crore as of the previous trading week.
FOR TODAY: IIP data will be announce on 11 April 2011 i.e., today.
US markets ended with RED though EU markets closed on Friday in GREEN. Asian markets are trading mixed. SGX Nifty is trading at 5840, down 19 points. WATCH 5770 ON THE DOWN SIDE AND 5900 ON THE UPSIDE TODAY..... TRADE ACCORDINGLY. ALWAYS PLACE PROPER STOPLOSS....... "MORE CALLS" 