FIIs were net sellers with the tune of ` 1279.61 crore whereas DII were net buyers of ` 765.38 crore on Friday, the 23rd September 2011(prov. fig.)
The BSE Sensex shed 199.09 points or 1.22% to settle at 16,162.05, its lowest closing level since 26 August 2011. The index rose 7.26 points at the day's high of 16,368.41 in mid-afternoon trade. The index fell 308.68 points at the day's low of 16,052.47 in mid-morning trade. The S&P CNX Nifty shed 55.90 points or 1.148% to settle at 4,867.75, its lowest closing level since 26 August 2011. The index hit low of 4,829.60 in intraday trade. The BSE Mid-Cap index fell 0.84% and the BSE Small-Cap index declined 1.13%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,832 shares fell and 973 shares rose and a total of 107 shares remained unchanged. Among the 30-share Sensex pack, 19 fell and the rest rose.
FOR TODAY: WATCH 4860/4840 ON THE DOWNSIDE. HOWEVER, BELOW 4840 CHANCES ARE NIFTY MAY BREAK 4800 LEVEL ALSO IN SHORT TERM AND THEREAFTER SUPPORT IS AROUND 4700 . ON THE UPSIDE, IF GLOBAL CUES HELPS, NIFTY MAY HIT 4910/4930. MAJOR SUPPLY ZONE IS BETWEEN 5000-5030. IN ANY CASE, NIFTY BREAKS 5030-5040 LEVEL WITHIN THIS EXPIRY (CHANCES ARE REMOTE), THEN THERE IS A PROBABILITY TO HIT 5110/5200 (MAX.).
TODAY'S RANGE MAYBE BETWEEN 4810-4940.
TODAY'S RANGE MAYBE BETWEEN 4810-4940.
