"TRADING IDEA FOR TUESDAY (16.08.2011)"

FIIs were net sellers with the tune of ` 471.09 crore whereas DII were net buyers of ` 99.02 crore on Friday, the 12th August 2011(prov. fig.)
The BSE Sensex lost 219.77 points or 1.29% to 16,839.63, its lowest closing level since 9 June 2010. The index fell 274.84 points at the day's low of 16784.56 in early afternoon trade. The Sensex gained 187.48 points at the day's high of 17,246.88 in early trade, its highest level since Wednesday, 10 August 2011. The S&P CNX Nifty was down 65.35 points or 1.27% to 5,072.95 its lowest closing level since 9 August 2011. The Nifty hit a high of 5,194.45 in intraday trade, its highest level since Wednesday, 10 August 2011. The Nifty hit a low of 5,053.35 in intraday trade. The BSE Mid-Cap index fell 0.46% and the BSE Small-Cap index declined 0.44%. Both these indices outperformed the Sensex.
The market breadth was negative. On BSE, 1,585 shares fell while 1,257 shares rose and a total of 111 shares remained unchanged. The market breadth was strong earlier in the day. Among the 30-share Sensex pack, 24 fell and the rest rose.
FOR TODAY: WATCH 5177/5194 ON THE UPSIDE WHEREAS ON THE DOWNSIDE, 5088/5067 WILL ACT AS SUPPORT.
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"