FIIs were net sellers with the tune of ` 37.41 crore (prov. cash market fig.)
The BSE 30-share Sensex was up 55.20 points or 0.31% to 18,141.40. The index gained 112.25 points at the day's high of 18,198.45 in early trade. The Sensex fell 28.38 points at the day's low of 18,057.82 in morning trade. The S&P CNX Nifty was up 7.50 points or 0.14% to 5,428.10. The BSE Mid-Cap index fell 0.7% and the BSE Small-Cap index declined 0.54%. Both these indices underperformed the Sensex.
The market breadth, indicating the health of the market, was weak. On BSE, 1697 shares declined while 1071 shares advanced. A total of 145 shares remained unchanged. The breadth was positive at the onset of the trading session. Among the 30-member Sensex pack, 17 declined while the rest of them advanced.
BSE clocked turnover of ` 2420 crore, lower than ` 2614.85 crore on Wednesday, 18 May 2011.
MAJOR RESULTS OF THE DAY: ITC, MOIL, GUJ ALKALI, IRB, LAXMI MACH, KARUR VYSYA, MAHINDRA FORGE
FOR TODAY: EU as well as US markets closed in GREEN and on positive bias. However, Asian markets are trading in mixed trend though all the Asian markets were opened positively. SGX Nifty is trading at this time (8.25 am) at 5437, up just 3 points.
TODAY NIFTY MAY OPEN FLAT TO POSITIVE. watch out for the support 5429, 5420 and 5401. Going below that the major support area would be between 5376 and 5349. ON THE UPSIDE, A NUMBER OF RESISTANCES ARE THERE. The index would first need to clear the resistance between 5438 and 5445 range and beyond that the next resistance level would be at 5456. However, the real tough supply zone would be between 5469 and 5482. Above that 5502 and 5515–5525 would be the supply zones to watch out for. Unless NIFTY (SPOT) crosses and stays above 5525, it would not result in any sustainable rally even for the short term.
Disclaimer: WILL EXIT FROM LT 1550CE LONG TODAY MORNING. HOLDING 5800CE (JULY SERIES) AND WILL HOLD TILL NIFTY(SPOT) HITS 5348-5349.
TODAY NIFTY MAY OPEN FLAT TO POSITIVE. watch out for the support 5429, 5420 and 5401. Going below that the major support area would be between 5376 and 5349. ON THE UPSIDE, A NUMBER OF RESISTANCES ARE THERE. The index would first need to clear the resistance between 5438 and 5445 range and beyond that the next resistance level would be at 5456. However, the real tough supply zone would be between 5469 and 5482. Above that 5502 and 5515–5525 would be the supply zones to watch out for. Unless NIFTY (SPOT) crosses and stays above 5525, it would not result in any sustainable rally even for the short term.
Disclaimer: WILL EXIT FROM LT 1550CE LONG TODAY MORNING. HOLDING 5800CE (JULY SERIES) AND WILL HOLD TILL NIFTY(SPOT) HITS 5348-5349.
