"TRADING IDEA FOR MONDAY (25.04.2011)"

FIIs were net buyers with the tune of ` 402.30 crore (prov. cash market fig).

The BSE 30-share Sensex was up 131.25 points or 0.67% to 19,602.23, its highest closing level since 13 April 2011. The Sensex rose 59.52 points at the day's low of 19,530.50 in afternoon trade. The index gained 225 points at the day's high of 19,695.98 in mid-morning trade. The S&P CNX Nifty was up 33.05 points or 0.56% to 5,884.70, its highest closing level since 13 April 2011. The Nifty hit high of 5,912.90 in mid-morning trade. The BSE Mid-Cap index rose 0.13%. The BSE Small-Cap index rose 0.03%. Both these indices underperformed the Sensex.

The market breadth was negative. On BSE, 1498 shares declined while 1424 shares advanced. A total of 99 shares remained unchanged. The breadth was strong earlier in the day. Among the 30-member Sensex pack, 21 advanced while the rest declined. 
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:: READ VIEWS FROM DIFFERENT BROKING HOUSES HERE ::

FNO DATA: 

• Nifty Call options of strike 6000 added open interest by 17945 lots while Put options of strike 5900 had a build up of 51455 lots.
• Nifty Put Call ratio stands at 1.45 with the total open interest in Call options at 1,257,044 lots and that in Put options at 1,827,055 lots.
• Volatility Index fell by 2.29% from 20.99 to 20.51.

::"READ DIFFERENT STRATEGIES FOR THE WEEK AHEAD HERE"::

 FOR TODAY: EU as well as US markets were closed in green and positive bias on Thursday and Friday was closed due to GOOD FRIDAY. Today, Asian markets are trading mixed. SGX Nifty is trading around 5900 down just 2 points. TODAY'S POSSIBLE TRADING RANGE MAY BE BETWEEN 5819 AND 5956.
WATCH NIFTY AT 5926 FOR LONG TOWARDS 5950 AND ON THE DOWNSIDE, WATCH 5863 FOR A TARGET OF 5822. 
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