"TRADING IDEA FOR THURSDAY (21.04.2011)"

The BSE 30-share Sensex surged 349.15 points or 1.83% to 19,470.98, its highest closing level since 13 April 2011. The index gained 362.94 points at the day's high of 19,484.77 in late trade. The Sensex rose 49.20 points at the day's low of 19,171.03 in afternoon trade. The S&P CNX Nifty rose 110.90 points or 1.93% to 5,851.65, its highest closing level since 13 April 2011. The BSE Mid-Cap index rose 1.18% and the BSE Small-Cap index gained 1.29%. Both these indices underperformed the Sensex.
The market breadth, indicating the health of the market, was strong. On BSE, 1962 shares advanced while 951 shares declined. A total of 93 shares remained unchanged. Among the 30-member Sensex pack, 27 advanced while 3 shares declined.
FOR DETAILS, “READ HERE”.
FOR TODAY: EU as well as US markets closed in green, nearly 1-2% up. Today all Asian markets are trading up nearly 1%. SGX Nifty is trading at 5912 ,  38 points up at 8.45 a.m. All these indication are also suggesting that today also a gap up opening will be there. 
WATCH FOR FIRST RESISTANCE AT 5886, THEREAFTER 5944. IF AT ANY TIME, BREACHES 5820-5824 LEVEL ON THE DOWNSIDE, BE CAUTIOUS. VOLATILITY MAY BE SEEN.
TODAY RELIANCE AND TCS RESULT MAY EFFECT THE MARKET MOVEMENT.
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