FIIs were net sellers with the tune of ` 2104.56 crore whereas DII were net buyers of 1412.96 crore on Tuesday, the 9th August 2011(prov. fig.)
The BSE Sensex shed 132.27 points or 0.78% to settle at 16,857.91, its lowest closing level since 9 June 2010. The Sensex lost 558.18 points at the day's low of 16,432 in early trade, its lowest level since 1 June 2010. The index rose 144.86 points at the day's high of 17,135.04 in afternoon trade. The S&P CNX Nifty was down 45.65 points or 0.89% to 5,072.85, its lowest closing level since 9 June 2010. The Nifty hit a low of 4,946.45 in intraday trade, its lowest level since 27 May 2010. The Nifty hit a high of 5,167 in intraday trade.
The market breadth was weak. On BSE, 2,040 shares declined while 879 shares gained and a total of 94 shares remained unchanged. The BSE Mid-Cap index fell 1.27% and the BSE Small-Cap index dropped 2.05%. Both these indices underperformed the Sensex.
FOR TODAY: As per OI data, Nifty Call options of strike 5000 added 39082 lots to open interest while Put options of strike 4800 had a build up of 11256 lots. PCR=1.02 and PCR(VOL)= 0.919 VIX=34.88
PCR above 1 suggesting though the market breadh is weak but it may recover upto some extent. VIX (India) at 34.88 indicating huge volatility may be seen in today's trading. RSI still showing that market is in oversold position.
FED keeps rates unchanged and as a result, DOW ends with 4% higher and boosts World Market. Obviously, this will affect in our Market.
WATCH 5177/5189/5224 ON THE UPSIDE. HOPEFULLY, NIFTY MAY EVEN HIT 5331/5364 IN THIS WEEK IF AND ONLY IF IT CLEARS 5189 AND 5224 WITH VOLUMES. THOSE WHO WERE STUCK MAY EXIT AROUND 5300 LEVEL. HOWEVER, ON THE DOWNSIDE, NOW 5050 AND 4948 WILL ACT AS SUPPORT.For information: After seeing the abnormally high levels from Jan 2008 to March 2009, India VIX has always reverted from 36 levels. The index found major resistance at 36 in Nov, 2009 and June 2010. In the current market downsides, it is again approaching these levels. (Source: ICICI Securities).
