FIIs were net sellers with the tune of ` 1440.55 crore whereas DII were net buyers of ` 385.01 crore on Thursday, the 25th August 2011(prov. fig.)
The market breadth was negative. On BSE, 1,638 shares fell and 1,138 shares rose. A total of 131 shares remained unchanged. Among the 30-share Sensex pack, 19 fell while the rest rose.
FOR TODAY: Being the first day of the September series, some value buying may be seen. However, overall trend is down and market breadth is too weak. Volatility index is at 27.94 suggests more than average volatility. As per OI data, highest accumulation for 4800PE indicates strong support as of now.
FIIs were net sellers over Rs 12,000 crore worth of equity shares whereas DIIs bought over Rs 8,000 crore worth of shares in August Series.
The BSE Sensex was down 138.65 points or 0.85% to 16,146.33. The Sensex gained 88.86 points at the day's high of 16,373.84 in early trade. The index fell 180.64 points at the day's low of 16,104.34 in late trade, its lowest level since 22 August 2011. The S&P CNX Nifty was down 49.30 points or 1.01% to 4,839.60. The Nifty hit a low of 4,825.05 in intraday trade, its lowest level since 22 August 2011. The market breadth was negative. On BSE, 1,638 shares fell and 1,138 shares rose. A total of 131 shares remained unchanged. Among the 30-share Sensex pack, 19 fell while the rest rose.
FOR TODAY: Being the first day of the September series, some value buying may be seen. However, overall trend is down and market breadth is too weak. Volatility index is at 27.94 suggests more than average volatility. As per OI data, highest accumulation for 4800PE indicates strong support as of now.
WATCH 4750-4800 (4786, LOW MADE ON 25TH MAY, 2010 WILL PROBABLY ACT AS A STRONG SUPPORT) ON THE DOWN SIDE BREACHING WHICH NIFTY MAY FALL 4600 IN THIS SERIES. A PULL BACK MAY PUSH NIFTY 5000/5200 LEVEL.
DISCLAIMER: After a long long time, I lost some money in August series (around 9% of my money allocated for Derivative segment). But still, I think, its not too bad since NIFTY PLUNGED 12% AND BANKNIFTY WAS DOWN NEARLY 16% IN THE AUGUST EXPIRY.