[ Add news entry ]
Wall Street
Elite
Hold on to Corporate America |
• Nifty opened gap up after which it erased all its gain to close flat at 5432. • Market is witnessing a sell on every rise which has left market participants in dilemma to find any near term support from the existing downtrend. • Nifty February futures closed at 10.5 points premium. • Nifty price and OI data indicate Short covering. • Outlook for Nifty in coming session remains bearish but a short covering rally cannot be ruled out. • Volatility India index VIX closed at 23.52 gained 0.88% as market slide down from its intraday high. • PCR (volume) is at 0.83 as fresh build up were seen at 5400 and 5500 Nifty calls and Puts. • Fresh build up is witnessed at 5400 call and put indicating a tuff fighting between bulls and bears. • 5500 call and put has witnessed fresh build up. • On basis of option data near term range for the market is seen in between 5300– 5700. • Hotel sector witnessed huge short unwinding as stock like Indian hotel and Hotel Leela witnessed buying interest. • Media, Sugar and Realty sector witnessed huge short unwinding as stocks in this sector erased some losses of past few sessions. • Infrastructure and Fertiliser witnessed fresh short built up as stocks in this sector saw selling pressure.
Views:
1628
|
|
Date:
03 February 2011
|
DCB LTP RS.46 SELL BETWEEN RS.46-47 STOP LOSS RS. 48.50 TARGET RS.42 FOR 3-5 TRADING SESSIONS.
Views:
1506
|
|
Date:
03 February 2011
|
1-42 43-48