FIIs were net sellers with the tune of ` 100.34 crore whereas DII were net buyers of ` 302.89 crore on Tuesday, the 23rd August 2011(prov. fig.)
The BSE Sensex jumped 156.77 points or 0.96% to settle at 16,498.47, its highest closing level since 17 August 2011. The index rose 207.51 points at the day's high of 16,549.21 in mid-afternoon trade. The Sensex lost 128.52 points at the day's low of 16,213.18 in mid-morning trade. The S&P CNX Nifty rose 50.10 points or 1.02% to settle at 4,948.90, its highest closing level since 17 August 2011. The Nifty hit a high of 4,965.80 and a low of 4,863.80 in intraday trade. The BSE Mid-Cap index underperformed the Sensex, gaining 0.95%. The BSE Small-Cap index outperformed the Sensex, rising 1.16%.
The market breadth was strong. On BSE, 1,824 shares rose and 988 shares declined and a total of 106 shares remained unchanged. Among the 30-share Sensex pack, 19 gained while the rest fell.
FOR TODAY: Yesterday nifty breaks the important level of 4932 as well as 4950 on the upside though ultimately closed at 4949, just below 4950. As indicated earlier, nifty may move still upwards for one or two days, a maximum level of 5015/5050 where I will sell my holdings taken on Friday (around 4800 level).
WATCH 4975/5015 LEVEL ON THE UPSIDE BREAKING WHICH MAY HIT 5050 LEVEL. HOWEVER, ON THE DOWNSIDE, 4932/4889/4873 MAY ACT AS SUPPORT FAILING WHICH IT MAY DRIFTED DOWN TOWARDS 4834/4790 AGAIN. (PLEASE READ DISCLAIMER BEFORE YOU ACT ON THIS VIEW)
