Equity Alert: Mkt seen weak Wed amid volatility ahead of F&O expiry
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Equity Alert: Mkt seen weak Wed amid volatility ahead of F&O expiry
MUMBAI--4:15PM--Share indices are seen weak amid volatile trade
Wednesday as traders decide whether to square off or roll over
positions in the run-up to the expiry of September futures Thursday,
dealers said.
So far, about 37% Nifty positions have been rolled over, dealers
said.
Trend in overseas markets will also determine the movement in
local
shares, dealers said.
U.S. stock futures were trading flat, with the Dow index down 8
points,
ahead of Federal Reserve Chairman Ben Bernanke's and Treasury
Secretary Henry
Paulson's clarifications on the $700-bln bank bailout plan.
Technical analysts see support for Nifty at 4100 and then at 4000,
while
that for Sensex is at 13350.
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