FIIs were net buyers with the tune of ` 1158.38 crore whereas DII were net sellers of ` 346.28 crore on Friday, the 30th August 2011(prov. fig.)
The BSE Sensex was up 144.71 points or 0.87% to 16,821.46. The index gained 313.11 points at the day's high of 16,989.86 in early trade. The index rose 11.31 points at the day's low of 16,688.06 in mid-afternoon trade. The S&P CNX Nifty was up 39 points or 0.78% to 5,040. The index gyrated between 5,113.70 and 4,993.35 amid high volatility. The BSE Mid-Cap index rose 0.81% and the BSE Small-Cap index rose 0.03%. Both these indices underperformed the Sensex.
The BSE Sensex was up 144.71 points or 0.87% to 16,821.46. The index gained 313.11 points at the day's high of 16,989.86 in early trade. The index rose 11.31 points at the day's low of 16,688.06 in mid-afternoon trade. The S&P CNX Nifty was up 39 points or 0.78% to 5,040. The index gyrated between 5,113.70 and 4,993.35 amid high volatility. The BSE Mid-Cap index rose 0.81% and the BSE Small-Cap index rose 0.03%. Both these indices underperformed the Sensex.
The market breadth was strong. On BSE, 1707 shares rose and 1161 shares fell and a total of 113 shares remained unchanged. Among the 30-share Sensex pack, 20 rose while the rest declined.
FOR TODAY: A gap-down opening is expected. The 14-day RSI bounced back from oversold territory and is giving signal for short-term bullishness. However, the global uncertainty is likely to be an influential factor in the short term.
The highest concentration of open interest has shifted lower to the 4,700-strike put option, with open interest above 75 lakh shares for the September series followed by the 4,800 and 4,600 put-option strikes, which have above 63 lakh and 61 lakh shares in open interest respectively. As far as call options are concerned, the highest open interest is at the 5,000 strike with above 52 lakh shares followed by the 5,300-strike call with an open interest of above 51 lakh shares. The options data imply that markets may remain range-bound in the near term.
WATCH 4970 ON THE DOWNSIDE. IF BREACHES, IT MAY HIT 4940 WHERE SOME BUYING FOR THE DAY MAY COME. ON THE UPSIDE, 5055/5080 MAY ACT AS INTRADAY RESISTANCE.
