DAILY REPORT FOR
NIFTY: - Open 4373 High 4394 Low 4354 Close 4370 (-3 pts)
P/E 19.77 P/B 5.14 Adv 24 Dec 26 Vol Rs 7832 Cr
Supp 4300/4240/4100 Res 4400/4429/4460
SENSEX: - Open 15066 High 15069 Low 14964 Close 15000 (-16 pts)
Supp 14750/14500/14370 Res 15070/15180/15340
Lull before the storm:-
The indices closed marginally lower as investors stayed cautious just before the holiday. Oil stocks rose as BPCL, ONGC and Hind Petro were among top Nifty gainers. Stock-specific movement continued but breadth was flat. Volumes were quite low. NTPC and GIPCL rose as Power stocks were in demand.
Adv 574 Dec 531 Unch 29
Top Gainers: - BPCL, ONGC, HDFC Bank, Hindalco, Hind Petro
Top Losers: - HDFC, ACC, Dabur, Grasim, Tata Power
FII trading activity: - Buy Rs 1464.92 Cr Sell Rs 1796.44 Cr Net Sell Rs 331.52 Cr (Provisional for
Domestic Institutional activity: - Buy Rs 765.69 Sell Rs 456.75 Net Buy Rs 308.94 Cr
Indian ADRs: - http://tinyurl.com/33m7dx
Outlook for Thursday:-
The sub-prime crisis is looming large on the world and it is taking toll on global markets almost everyday now.
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.