FIIs were net sellers with the tune of ` 90.44 crore on Wednesday, the 20h July 2011(prov. fig.)
The BSE Sensex was down 151.49 points or 0.81% to 18,502.38, its lowest closing level since 12 July 2011. The index fell 179.97 points at the day's low of 18,473.90 in mid-afternoon trade. The Sensex jumped 111.73 points at the day's high of 18,765.60 in early trade, its highest level since 15 July 2011. The S&P CNX Nifty was down 46.50 points or 0.83% to 5,567.05, its lowest closing level since 18 July 2011. The Nifty hit a low of 5,555.10 in intraday trade. The Nifty hit a high of 5,645.40 in intraday trade, its highest level since 14 July 2011. The BSE Mid-Cap index fell 0.88% and underperformed the Sensex. The BSE Small-Cap index shed 0.36% and outperformed the Sensex.
The market breadth was negative. On BSE, 1,710 shares declined and 1,197 shares advanced and a total of 119 shares remained unchanged. The breadth was strong in early trade. Among the 30-member Sensex pack, 26 stocks fell while the rest of them rose.
FOR TODAY: The highest OI amongst the Nifty put options is seen at 5500PE is 108.01 lacs clearly indicates that as of now 5500 is strong support. On the other hand, 5600 may be treated as resistance. The second highest OI amongst call options is seen at 5700 is 98.79 lacs indicating 5700 is strong resistance.
Nifty OI PCR=1.12 as compared to yesterday's 1.22, down 0.13% indicating negative bias. However, still PCR maintains 1 level, Bulls may take charge from bears anytime.
VIX= 19.11 from yesterday's 19.25, down 0.72% indicates volatility in market.
WATCH 5581/5613/5641 ON THE UPSIDE AND 5550/5524/5500 ON THE DOWNSIDE. BUY ON DIPS WILL BE THE BEST POLICY TILL NIFTY SPOT HOLDS 5500.
