FIIs were net sellers with the tune of ` 93.01 crore on Monday, the 18h July 2011(prov. fig.)
The BSE Sensex was down 54.88 points or 0.3% to 18,507.04, its lowest level since 12 July 2011. The Sensex rose 60.64 points at the day's high of 18,622.56 in morning trade. The index fell 92.39 points at the day's low of 18,469.53 in late trade. The S&P CNX Nifty was down 14.05 points or 0.25% to 5,567.05, its lowest closing level since 12 July 2011. The Nifty hit a low of 5,550.95 in intraday trade. The BSE Small-Cap index gained 0.37% to settle at 8,393.95. The BSE Mid-Cap index rose 0.22% to settle at 7,022.25. Both these indices outperformed the Sensex. The BSE Small-Cap index has jumped 612.01 points or 7.86% from a recent low of 7,781.94 on 23 June 2011. The BSE Mid-Cap index has risen 498.04 points or 7.63% from a recent low of 6,524.21 on 23 June 2011.
The market breadth was positive. On BSE, 1,565 shares advanced and 1,326 shares declined and a total of 127 shares remained unchanged. The breadth was much stronger earlier in the day. Among the 30-member Sensex pack, 19 stocks fell while the rest of them rose. Cipla, Reliance Communications and ONGC fell by 0.41% to 1.9%. HDFC, Bhel and Tata Power Company rose by 0.99% to 2.7%.
FOR TODAY: Nifty fell 14 points with lowest volume of last nine trading session yesterday. The most important thing was call writers covered mostly by the end of the day... Why? If you can, please think about it.
My views are almost same of yesterday. PCR-1.148; VIX=Above 20 Volatility will be seen as indicated earlier.
Note: I am not an expert. Only trying to learn the market movement. Kindly read DISCLAIMER before any action will be taken on above view.
FOR TODAY: Nifty fell 14 points with lowest volume of last nine trading session yesterday. The most important thing was call writers covered mostly by the end of the day... Why? If you can, please think about it.
My views are almost same of yesterday. PCR-1.148; VIX=Above 20 Volatility will be seen as indicated earlier.
Note: I am not an expert. Only trying to learn the market movement. Kindly read DISCLAIMER before any action will be taken on above view.
