The BSE Sensex jumped 198.77 points or 1.18% to settle at 17,082.69, its highest closing level since 20 September 2011. The index surged 220.53 points at the day's high of 17,112.45 in late trade. The index fell 55.47 points at the day's low of 16,828.45 in early trade, its lowest level since 12 October 2011. The S&P CNX Nifty surged 54.45 points or 1.07% to settle at 5,132.30, its highest closing level since 21 September 2011. The Nifty hit a high of 5,141.40 in intraday trade. The Nifty hit a low of 5,056.60 in intraday trade, its lowest level since 12 October 2011. The BSE Mid-Cap index rose 0.55% and the BSE Small-Cap index gained 0.31%. Both these indices underperformed the Sensex.
The market breadth was positive. On BSE, 1,434 shares rose and 1,337 fell and a total of 127 shares were unchanged. The breadth swung alternately between positive and negative zone in intraday trade. From the 30-share Sensex pack, 19 rose and the rest fell.
The market breadth was positive. On BSE, 1,434 shares rose and 1,337 fell and a total of 127 shares were unchanged. The breadth swung alternately between positive and negative zone in intraday trade. From the 30-share Sensex pack, 19 rose and the rest fell.
FOR TODAY: HIGHEST NUMBER OF ACCUMULATION IN 5200CE AND 4800PE STILL INDICATING THE RANGE-BOUND MOVE BETWEEN 4800 AND 5200. IN ADDITION, NIFTY IS NEAR OVERBOUGHT ZONE.
WATCH 5177/5189 LEVEL ON THE UPSIDE. IF BREAKS IT MAY HIT 5200 LEVEL.
AROUND 5200, I WILL BETTER GO FOR SHORT IN NIFTY FUTURE WITH STRICT STOPLOSS OF AROUND 5225 OR BUY 5000PE (STOPLOSS OF 5235 NIFTY SPOT)
