"TRADING IDEA FOR WEDNESDAY (22.06.2011)"

FIIs were net sellers with the tune of ` 563.36 crore (prov. cash market fig.)
The BSE Sensex rose 53.67 points or 0.31% to settle at 17,560.30. The Sensex gained 208.25 points at the day's high of 17,714.88 in afternoon trade. The index fell 2.37 points at the day's low of 17,504.27 in early trade. The S&P CNX Nifty was up 17.95 points or 0.34% to 5,275.85. The BSE Mid-Cap index shed 0.21% and the BSE Small-Cap index declined 0.43%. Both these indices underperformed the Sensex.
The market breadth turned negative from positive in late trade. On BSE, 1,626 shares declined while 1,117 shares advanced and a total of 123 shares remained unchanged. Among the 30-member Sensex pack, 16 stocks rose while the rest of them fell.
BSE clocked turnover of ` 2341 crore, lower than ` 2829.92 crore on Monday, 20 June 2011.
FOR TODAY: Yesterday, EU markets closed in GREEN with 1.5-2% up. US market closed in GREEN, DOW nearly 1% whereas NASDAQ more than 2%. Asian markets are trading mostly in GREEN except Shanghai (at this moment down 5 points). SGX Nifty is trading at 5308, 32 points up at 8.30 a.m. indicates that Nifty will open with a gap-up and tried to move past yesterday's high and 5350.
WATCH 5250 ON THE DOWNSIDE AND 5350 ON THE UPSIDE. VOLATILITY MAY BE SEEN, DAY TRADERS WHO ARE QUICK ENOUGH TO MADE THEIR MIND MAY TAKE THE ADVANTAGE. 
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