FIIs were net buyers with the tune of ` 2166.21 crore whereas DII were net sellers of ` 1078.41 crore on Friday, the 28th October 2011(prov. fig.)
The BSE Sensex was up 515.97 points or 2.98% to 17,804.80, its highest closing level since 3 August 2011. The index jumped 619.30 points at the day's high of 17,908.13 in early trade. The index rose 383.03 points at the day's low of 17,671.86 in early trade. The S&P CNX Nifty was up 158.90 points or 3.05% to 5360.70, its highest closing level since 3 August 2011. The Nifty hit a high of 5,399.70 in intraday trade. Nifty hit a low of 5,322.80 in intraday trade.
The market breadth was strong. On BSE, 1738 shares rose and 1,142 fell. A total of 88 shares were unchanged. Breadth was much stronger earlier in the day. From the 30 share Sensex pack 27 rose and only three of them declined.
FOR TODAY: A slight indication of a pause by RBI after 13 consecutive repo rate hikes since March 2010 and a unanimous stance of EU leaders in solving the persistent Greece’s economic crisis problem, shown us the magic ........
As of now, across all expiries, open interest is highest at 5300, 5400 & 5500 call options, whereas open interest in the put options is highest at 4900, 5000 & 5100 strike prices, suggesting 4900-5500 to be the trading zone for Nifty index in short term.
WATCH TODAY 5412 (200 DMA) ON THE UPSIDE ABOVE WHICH, NIFTY MAY HITS 5452/5474 WHEREAS ON THE DOWNSIDE, BELOW 5322, IT MAY HIT 5300. POSSIBILITY OF CONSOLIDATION OR MINOR PULL-BACK MAY DRAG NIFTY TOWARDS THE GAP MADE BETWEEN 5322 TO 5219 IN VERY SHORT TERM.
As of now, across all expiries, open interest is highest at 5300, 5400 & 5500 call options, whereas open interest in the put options is highest at 4900, 5000 & 5100 strike prices, suggesting 4900-5500 to be the trading zone for Nifty index in short term.
WATCH TODAY 5412 (200 DMA) ON THE UPSIDE ABOVE WHICH, NIFTY MAY HITS 5452/5474 WHEREAS ON THE DOWNSIDE, BELOW 5322, IT MAY HIT 5300. POSSIBILITY OF CONSOLIDATION OR MINOR PULL-BACK MAY DRAG NIFTY TOWARDS THE GAP MADE BETWEEN 5322 TO 5219 IN VERY SHORT TERM.
FOR SHORT TERM, Nifty is likely to initiate an intermediate positive trend for targets of 5450-5500-5600 and will attract fresh buying from support zones of 5200-5250 levels. Trade long in Nifty if it holds above 5400 OR else from the support zones of 5250-5200 levels with final stop loss may be placed at 5,180 for above targets.
