Market likely to trade in cautious mode. Today domestic markets are likely to open marginally positive as majority of Asian markets have also opened in green. There could be a subdued opening due to lack of guidance from other markets. Domestic markets have already reached its peak after some remarkable gains during the last week. However from this level domestic liquidity and firmness of international markets would play a crucial role. Today domestic markets are likely to trade range bound.
On Friday, Indian market closed the today’s volatile session on flat note as investors booked profits following steep rise in previous sessions. Market continued to exhibit instability, as most of the Asian stocks ended lower, which led selling pressure in the domestic stocks. However, stocks tried to recover till mid session and again during final trading hours on gains in Auto stocks. Further, the negative opening of European markets hit the sentiments though they recovered later and contributed a bit of recovery in domestic stocks during last hours. Concerns regarding poor rains also contributed to the uneasiness of investors, as the South West monsoon rains were 41% below average in the week to 16 September 2009, according to the government-run India Meteorological Department (IMD). The BSE Sensex ended above 16,700 level and NSE Nifty closed above 4,950 mark. The BSE Sensex closed marginally higher by 30.19 points at 16,741.30 and NSE Nifty ended slightly up by 10.50 points at 4,976.05. BSE Mid Caps and Small Caps closed with gains of 27.61 and 56.14 points at 6,171.23 and 7,373.64 respectively. The BSE Sensex touched intraday high of 16,765.03 and intraday low of 16,610.05.. "USE EVERY RISE TO BOOK PROFITS" "ALWAYS KEEP STRICT STOPLOSS TO AVOID HUGE LOSS" Key Levels for Today Trade: NIFTY INDEX Resistance :4982 / 4999 / 5025 / 5049 NIFTY INDEX Support :4958 / 4925 / 4892 / 4860 / 4829 Mean :4970 Key Numbers for NIFTY on upside 4982 / 4999 Key numbers for NIFTY on down side 4958 / 4925 BANK NIFTY INDEX Resistance: 8439 / 8500 / 8621 BANK NIFTY INDEX Support : 8300 / 8222 / 8143 / 8065 Mean : 8369.5 Previous Close Box: BSE Sensex 16,741.30 30.19 NSE Nifty 4,976.05 10.50 USD Rs.48.16 Oil Nymex $72.50 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
