FIIs were net buyers with the tune of ` 211.46 crore on Thursday, the 14h July 2011(prov. fig.)
The BSE Sensex was up 22.18 points or 0.12% to 18,618.20, its highest closing level since 11 July 2011. The Sensex jumped 207.03 points at the day's high of 18,803.05 in mid-afternoon trade. The Index shed 146.79 points at the day's low of 18,449.23 in early trade, its lowest level since 12 July 2011. The S&P CNX Nifty was up 14.35 points or 0.26% to 5599.80, its highest closing level since 11 July 2011. The Nifty hit a high of 5,653.95 in intraday trade, its highest level since 8 July 2011. The BSE Mid-Cap index rose 0.38% and the BSE Small-Cap index gained 0.18%. Both these indices outperformed the Sensex.
The market breadth was positive. The breadth was negative at the onset of the trading session. On BSE, 1,601 shares advanced and 1,234 shares declined and a total of 136 shares remained unchanged. Among the 30-member Sensex pack, 18 stocks rose while the rest of them fell.
FOR TODAY: Yesterday market gave ample scope to trade on both sides. Volatility has increased and will be seen till 26th July, the next RBI meeting.
5540 acts as support not only for yesterday but several times. Premium of 5500PE last traded at 42.85 indicates that PUT writers will not allow Nifty to go beyond 5480 (around 5460).
WATCH 5540 ON THE DOWN SIDE WHERE ONE CAN BUY WITH STRICT STOPLOSS OF 5531 AND FOR POSITIONAL TRADER, STOPLOSS MAY BE BELOW 5480. ON THE UPSIDE, IDEAL LEVEL FOR SHORTING IS 5659.
5540 acts as support not only for yesterday but several times. Premium of 5500PE last traded at 42.85 indicates that PUT writers will not allow Nifty to go beyond 5480 (around 5460).
WATCH 5540 ON THE DOWN SIDE WHERE ONE CAN BUY WITH STRICT STOPLOSS OF 5531 AND FOR POSITIONAL TRADER, STOPLOSS MAY BE BELOW 5480. ON THE UPSIDE, IDEAL LEVEL FOR SHORTING IS 5659.
