Friday, November 20, 2009
सेन्सेक्स (17021.85) 236.20 अंक चढ्कर, नीफ़्टी (5052.45) 63.45 अंक चढ्कर, बंद..
Positional Call : Sell ZEEL Nov Fut at 257 SL 262 Tgt 250,247.
Market Commentary ..
Today we expect a ‘flat-to-soft’ start. Things might look up later if some short covering takes place or if world markets resume their ascent. We don’t see a big crack as yet but some more softening is not ruled out. Technically, the Nifty could take support at 4910 and resistance is likely around 5060. Sugar stocks will remain in limelight due to farmers’ protest.
Sound reasons seem to be missing from the market. In face skepticism over the strength of the economic recovery and some pessimism over the future prospects is preventing a strong advance for some time. Like in October, when the Sensex and the Nifty lost about 7%, there appears to be another period of consolidation. Though the October losses have been recouped this month, the key indices are struggling to re-test the October highs. The sideways trend may continue for a while and much will hinge on how the global markets behave. The dollar movement is also being closely watched.
Pre Market Intraday Call !!
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FIIs turned net sellers in the cash segment on Thursday at Rs4.59bn
FIIs turned net sellers in the cash segment on Thursday at Rs4.59bn on a provisional basis. The local funds were net buyers of Rs1.17bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5bn. The foreign funds were net buyers of Rs5.22bn on Wednesday. Mutual funds were net sellers of Rs3bn in the cash segment on the same day. FIIs' net investments in Indian stocks this year have crossed $15bn.
NIFTY (4989) SUP 4889 RES 5089
Thursday, November 19, 2009
सेन्सेक्स (16785.65) -213.13 अंक गिरकर, नीफ़्टी (4989.00) -65.70 अंक गिरकर, बंद..
European markets update: FTSE Index down 0.2%, CAC Index down 0.3% and DAX Index down 0.2%
Pre Market Commentary ..
What is favouring the bulls so far is the relentless inflow of overseas money. This may continue as the dollar is unlikely to rebound sharply. But, as Christmas holidays approach there is likely to be some softening even in these flows. Local funds have already turned net sellers. Add to this, the anxiety over the shape of the economic recovery and the market could see some cooling. Valuations for many of the leading stocks are not too compelling either. In the immediate future, the market will remain sideways and listless though action would be seen in the mid-cap counters.
Pre Market Intraday Call !!
Buy Rolta
Buy
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