FIIs were net buyers with the tune of ` 86.83 crore on Monday, the 1st August 2011(prov. fig.);
The BSE Sensex was up 117.13 points or 0.64% to 18,314.33, its highest closing level since 27 July 2011. The index gained 22.05 points at the day's low of 18,219.25 in afternoon trade. The Sensex jumped 242.87 points at the day's high of 18,440.07 in early trade. The S&P CNX Nifty was up 34.80 points or 0.63% to 5,516.80, its highest closing level since 27 July 2011.. The Nifty hit a high of 5,551.90 in intraday trade. The Nifty hit a low of 5,486.45 in intraday trade. The BSE Mid-Cap index fell 0.02% and the BSE Small-Cap index shed 0.26%. Both these indices underperformed the Sensex.
The market breadth was negative. On BSE, 1,653 shares fell and 1,203 shares rose and a total of 123 shares remained unchanged. The breadth was positive earlier in the day. From the 30 share Sensex pack, 23 stocks rose and the rest declined.
FOR TODAY:
BUY AT 5470 OR AROUND 5480 : (1) Nifty future for target 5524/5541; (2) ONGC 280 CA around 3.40/3.50 for target of 5/5.50; (3) JP Associates 70 CA around 2.10/2.00 for a target of 3/3.50; (4) RIL 860 CA around 10.50/11 for target of 14/14.50; FOR ALL TRADES, STOPLOSS WILL BE BELOW 5450 (NIFTY SPOT)
FOR OPTIONS, ONE MAY WATCH FOR 5500CE AROUND 88/90 WITH STOPLOSS OF 75 FOR TARGET OF 115
