Today’s (21.07.2011) development over the second bailout package for Greece in EU Summit will decide the market movement; It is expected that market will move upwards........
FIIs were net sellers with the tune of ` 577.64 crore on Thursday, the 21st July 2011(prov. fig.)
The BSE Sensex fell 66.19 points or 0.36% to 18,436.19, its lowest closing level since 12 July 2011. The Sensex rose 64.61 points at the day's high of 18,566.99 in morning trade. The index fell 87.02 points at the day's low of 18,415.36 in late trade. The S&P CNX Nifty fell 25.45 points or 0.46% to 5,541.60, its lowest level since 12 July 2011. The Nifty hit low of 5,532.70 in intraday trade. The BSE Mid-Cap index was down 0.43% and the BSE Small-Cap index was down 0.45%. Both the indices underperformed the Sensex.
The market breadth was negative. On BSE, 1,643 shares fell and 1,187 shares rose and a total of 127 shares remained unchanged. The breadth was positive earlier in the day. Among the 30-member Sensex pack, 21 stocks fell while the rest of them rose.
FOR TODAY: The highest OI among the Nifty PUT options is seen at 5500PE now 109.35 lacs whereas on the other hand, among the Nifty CALL options 5800, 5700 and 5600 CEs are consisting of 111 lacs, 98.9 lacs and 96.63 lacs.
Nifty OI PCR is 1.08 as compared to yesterday's 1.12 indicates negative bias but still since it is above 1, Bull may take charge from Bear any time.
VIX is at 18.75 as compared to yesterday's 19.11, down 1.88%
WATCH 5531/5500-5495 ON THE DOWN SIDE WHEREAS ON THE UPSIDE WATCH 5582 (WEEKLY CLOSING)/5600-5605/5641
