FIIs were net sellers with the tune of ` 1008.87 crore whereas DII were net buyers of ` 322.40 crore on Wedneesday, the 5th October 2011(prov. fig.)
The BSE Sensex lost 72.45 points or 0.46% to settle at 15,792.41, its lowest closing level since 5 February 2010. The index fell 104.33 points at the day's low of 15,760.53 in afternoon trade. The index gained 180.05 points at the day's high of 16,044.91 in early afternoon trade. The S&P CNX Nifty was down 20.85 points or 0.44% to 4,751.30, its lowest closing level since 26 August 2011. The Nifty hit a high of 4,827.80 and a low of 4,741 in intraday trade. The BSE Mid-Cap index fell 0.97% and the BSE Small-Cap index declined 0.9%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,667 shares fell and 1,085 rose and a total of 115 shares were unchanged. The breadth was strong earlier in the day. Among the 30-share Sensex pack, 16 fell while the rest rose.
FOR TODAY: AS STATED EARLIER, THOUGH THERE WAS SOME ACTIVITIES IN 4300PE, BUT THE FIGURE WAS NOT ALARMING. HOWEVER, STILL HIGHEST ACCUMULATION WAS SEEN ON 5200CE (ABOVE 55 LACS) AND ON THE PUT SIDE, ITS 4700PE (NEARLY 69.5 LACS) SUGGESTING NIFTY IS IN A RANGE-BOUND MOVE BETWEEN 4700-5200 (AS OF NOW). EARLIER ALSO, 4720 ACTS AS STRONG SUPPORT ON MANY OCCASIONS. HOWEVER, ANY BREACH OF 4700 WOULD DRAG NIFTY NEAR 4500 AND EVEN 4300 LEVEL. ON THE UPSIDE, NOW 4910 WILL ACT AS RESISTANCE. GAP-UP OPENING IN NIFTY IS EXPECTED.
AROUND 8 AM SGX NIFTY IS TRADING AT 4924, UP 60.50 INDICATING NIFTY A HUGE GAP-UP OPENING TODAY. WATCH 4910-4920, IF BREAKS WITH VOLUME AND STAYS ABOVE THE LEVEL FOR FIRST HALF AN HOUR, WE MAY PROBABLY GO TOWARDS THE NEXT RESISTANCE AS WELL AS PSYCHOLOGICAL LEVEL OF 5000 IN SHORT TERM. HOWEVER, IF NOT ABLE TO STAY ABOVE 4910-20, GO SHORT AROUND THIS LEVEL WITH STOPLOSS 4931 (MINIMUM RISK).
The BSE Sensex lost 72.45 points or 0.46% to settle at 15,792.41, its lowest closing level since 5 February 2010. The index fell 104.33 points at the day's low of 15,760.53 in afternoon trade. The index gained 180.05 points at the day's high of 16,044.91 in early afternoon trade. The S&P CNX Nifty was down 20.85 points or 0.44% to 4,751.30, its lowest closing level since 26 August 2011. The Nifty hit a high of 4,827.80 and a low of 4,741 in intraday trade. The BSE Mid-Cap index fell 0.97% and the BSE Small-Cap index declined 0.9%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,667 shares fell and 1,085 rose and a total of 115 shares were unchanged. The breadth was strong earlier in the day. Among the 30-share Sensex pack, 16 fell while the rest rose.
FOR TODAY: AS STATED EARLIER, THOUGH THERE WAS SOME ACTIVITIES IN 4300PE, BUT THE FIGURE WAS NOT ALARMING. HOWEVER, STILL HIGHEST ACCUMULATION WAS SEEN ON 5200CE (ABOVE 55 LACS) AND ON THE PUT SIDE, ITS 4700PE (NEARLY 69.5 LACS) SUGGESTING NIFTY IS IN A RANGE-BOUND MOVE BETWEEN 4700-5200 (AS OF NOW). EARLIER ALSO, 4720 ACTS AS STRONG SUPPORT ON MANY OCCASIONS. HOWEVER, ANY BREACH OF 4700 WOULD DRAG NIFTY NEAR 4500 AND EVEN 4300 LEVEL. ON THE UPSIDE, NOW 4910 WILL ACT AS RESISTANCE. GAP-UP OPENING IN NIFTY IS EXPECTED.
AROUND 8 AM SGX NIFTY IS TRADING AT 4924, UP 60.50 INDICATING NIFTY A HUGE GAP-UP OPENING TODAY. WATCH 4910-4920, IF BREAKS WITH VOLUME AND STAYS ABOVE THE LEVEL FOR FIRST HALF AN HOUR, WE MAY PROBABLY GO TOWARDS THE NEXT RESISTANCE AS WELL AS PSYCHOLOGICAL LEVEL OF 5000 IN SHORT TERM. HOWEVER, IF NOT ABLE TO STAY ABOVE 4910-20, GO SHORT AROUND THIS LEVEL WITH STOPLOSS 4931 (MINIMUM RISK).
