"TRADING IDEA FOR TUESDAY (06.09.2011)"



FIIs were net buyers with the tune of ` 133.22 crore whereas DII were net buyers of ` 147.23 crore on Friday, the 5th September 2011(prov. fig.)
The BSE Sensex lost 108.13 points or 0.64% to settle at 16,713.33, its lowest closing level since 30 August 2011. The index lost 260 points at the day's low of 16,561.46 in afternoon trade. The index fell 61.39 points at the day's high of 16,760.07 in mid-afternoon trade. The S&P CNX Nifty was down 22.80 points or 0.45% to 5,017.20, its lowest closing level since 30 August 2011. The Nifty hit a low of 4,964.45 in intraday trade. The Nifty struck high of 5,030.30 in intraday trade. The BSE Mid-Cap index rose 0.51% and the BSE Small-Cap index gained 0.18%. Both these indices outperformed the Sensex. 
The market breadth turned positive in late trade. On BSE, 1,486 shares rose and 1,334 shares fell and a total of 112 shares remained unchanged. The breadth was negative for most part of the trading session. Among the 30-share Sensex pack, 20 declined while the rest rose. 
FOR TODAY: AROUND 4940-4950, GOOD SUPPORT EXISTS. SO, WATCH 4950/4940 LEVEL. BELOW THIS, NIFTY MAY GO TILL 4900, 4870 LEVEL. ON THE UPSIDE, ABOVE 5000 NIFTY WILL TRY TO HIT 5055, 5075, 5100. NEXT BIG TRIGGER IS RBI POLICY ON 16TH SEPTEMBER. TILL THEN GET THE ADVANTAGE OF RANGE BOUND MOVEMENT BETWEEN 4940-5075.
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"