"When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom." – Peter Lynch
FIIs were net sellers with the tune of ` 34.08 crore whereas DII were net buyers of ` 270.05 crore on Tuesday, the 27th September 2011(prov. fig.)
FIIs were net sellers with the tune of ` 34.08 crore whereas DII were net buyers of ` 270.05 crore on Tuesday, the 27th September 2011(prov. fig.)
The BSE Sensex jumped 472.93 points or 2.95% to settle at 16,524.03, its highest closing level since 21 September 2011. The index jumped 500.55 points at the day's high of 16,551.65 in late trade. The index rose 231.64 points at the day's low of 16,282.74 in early trade. The S&P CNX Nifty surged 135.85 points or 2.81% to settle at 4,971.25, its highest closing level since 21 September 2011. The Nifty hit a high of 4,982.95 in intraday trade. The BSE Mid-Cap index rose 1.6% and the BSE Small-Cap index gained 1.36%. Both these indices underperformed the Sensex.
The market breadth was strong. On BSE, 1,877 shares rose and 953 shares fell and a total of 106 shares remained unchanged. Among the 30-member Sensex pack, 29 logged gains while only one declined.
FOR TODAY: FII’s have covered substantial index futures short positions in yesterday’s trading session. Also they have been net seller in index options. However, despite markets rallying significantly, FII’s didn’t buy in cash market segment.
THE LEVEL 4880/4910 WOULD ACT AS SUPPORT NOW. WATCH 4990/5040 ON THE UPSIDE WHEREAS ON THE DOWNSIDE WATCH 4940/4910/4880.
KINDLY READ 'DISCLAIMER' BEFORE ANY ACTION TO BE TAKEN ON THIS VIEW.
THE LEVEL 4880/4910 WOULD ACT AS SUPPORT NOW. WATCH 4990/5040 ON THE UPSIDE WHEREAS ON THE DOWNSIDE WATCH 4940/4910/4880.
KINDLY READ 'DISCLAIMER' BEFORE ANY ACTION TO BE TAKEN ON THIS VIEW.
