FIIs were net sellers with the tune of ` 786.32 crore whereas DII were net buyers of ` 143.34 crore on Monday, the 22nd August 2011(prov. fig.)
The BSE Sensex was up 200.03 points or 1.24% to 16,341.70. The Sensex lost 95.19 points at the day's low of 16,046.48 in early afternoon trade. The index jumped 228.79 points at the day's high of 16,370.46 in late trade, its highest level since 18 August 2011. The S&P CNX Nifty was up 53.15 points or 1.23% to 4,898.80. The Nifty hit a high of 4,910.05, its highest level since 18 August 2011.
The market breadth was strong. On BSE, 1,831 shares rose and 1,038 shares declined and a total of 96 shares remained unchanged. The breadth had turned negative for a brief period in afternoon trade. Among the 30-share Sensex pack, 24 gained while only six of them declined.
FOR TODAY: Yesterday Nifty took a pull back from 4808.75 level and closed just above the Pivot level. It appears that Nifty may move some more upside due to short-covering and the movement will be volatile due to expiry week (roll-over for next series).
WATCH 4934/4955 LEVEL ON THE UPSIDE WHERE SOME SELLING PRESSURE MAY BE SEEN. HOWEVER, ABOVE 4955, NIFTY MAY HIT 4975/5015. ON THE DOWNSIDE, IF NIFTY BREACHES 4870 LEVEL, IT MAY HIT 4845/4780 LEVEL IN THIS EXPIRY ITSELF. (PLEASE REFER DAILY CALLS PAGE).
