TARUN/KISHORE AND ALL,
I am sorry that I was not available on Wednesday after lunch due to some urgent work. I am not sure whether I will be available for Thursday also.....Will try my best to be here as and when time permits.
FIIs were net buyers with the tune of ` 50.43 crore (prov. cash market fig.)
The BSE Sensex lost 101.33 points or 0.55% to 18,394.29, its lowest closing level since 3 June 2011. The Sensex rose 9.48 points at the day's high of 18,505.10 in mid-morning trade. The index fell 129.68 points at the day's low of 18,365.94 in mid-afternoon trade. The S&P CNX Nifty was down 29.30 points or 0.53% to 5,526.85, its lowest closing level since 3 June 2011.
The market breadth was negative. On BSE, 1,441 shares declined while 1,381 shares advanced and a total of 129 shares remained unchanged. The breadth was strong earlier in the day. Among the 30-member Sensex pack, 19 stocks fell while the rest of them rose.
BSE clocked turnover of ` 2589 crore, higher than ` 2506.27 crore on Tuesday, 7 June 2011.FOR TODAY: EU markets were closed with 0.6-1% down and US markets also closed in RED where NASDAQ 1% down. All Asian markets are trading flat to negative. SGX Nifty is closing at 5520.50, down 12.50 (at 8.50 am).
NIFTY MAY OPEN FLAT BUT ON NEGATIVE BIAS. WATCH 5511 AND 5500 LEVEL CAREFULLY. IF BREACHES 5500, SUPPORTS ARE AT 5490 AND 5467 LEVEL. ON THE UPSIDE, NUMBER OF RESISTANCES ARE THERE. ABOVE 5530, THEY ARE AT 5546, 5555, 5567 AND 5577 LEVEL. ABOVE 5577, 5605 AND 5641 ARE THE MAJOR RESISTANCE.
