FIIs were net buyers with the tune of ` 604.51 crore (prov. cash market fig).
The BSE 30-share Sensex was up 281.34 points or 1.45% to 19,701.73, its highest closing level since 6 January 2011. The Sensex surged 309.21 points at the day's high of 19,729.60 in late trade. The Sensex rose 28.97 points at the day's low of 19,449.36 in mid-morning trade. The S&P CNX Nifty was up 82.40 points or 1.41% to 5,908.45, its highest level closing level since 6 January 2011. The Nifty struck an intraday high of 5,918.70. The BSE Mid-Cap index rose 1.67% and the BSE Small-Cap index rose 2.83%. Both these indices outperformed the Sensex.
The market breadth was quite strong. On BSE, 2456 shares advanced while 471 shares declined and a total of 62 shares remained unchanged. Among the 30-member Sensex pack, 23 gained while the rest of them declined.
The total turnover on BSE amounted to ` 3195 crore higher than ` 2,964.24 crore on Friday, 1 April 2011.
FOR DETAILS, “READ HERE”.
VIEWS FROM DIFFERENT BROKING HOUSES:
SKP SECURITIES: “Nifty future may face resistance at 6000-6100 and take Support at 5885-5770”.
CANARA BANK SECURITIES (CanMoney): “Technically, Nifty exhibited an another day of firm trade. After stripping some of the earned gains in previous trading session on Friday, today Nifty closed after restoring the positive momentum of last week. Today, Nifty again exhibited its strength and zoomed to touch 5900 level and closed above that. Good roll over in Nifty long position & positive spread between spot & future positions, buying may get good support in our market in coming sessions also. Today, bulls completely outnumbered bears and Nifty maintained its closing above the sentimental levels of 9,14, 50 & 100 day’s SMA 5715, 5610, 5507 & 5722 these levels may act as new supports, in coming sessions. In today’s session, VIX corrected a little lower level of 20.06%, indicating modest volatility in market in the forthcoming sessions. RSI (14) for the session was at 71.02 levels and MACD was above the signal line, thus combined together they are giving the signals that market may witness some consolidation but positive movement in coming sessions is more likely”.
FAIRWEALTH SECURITIES: “Nifty is expected to trade in the range 5855-5930. if sustained above this range it may test 5972. However, 5801 might be another support level. Traders are suggested to be cautious of selling pressure at higher levels. In the next session, Bank nifty is expected to trade in the range 11780-11960. Also, 12060 might be strong resistance level for Bank Nifty. 11580 might act as strong support level for Bank Nifty”.
BONANZA ONLINE: “On Tuesday, Nifty may open on a flat note. Nifty showed good strength and closed above 5900. Nifty is trading in short term up trend. Nifty has resistance at 5950 levels and traders should wait and see weather Nifty manages to sustain above 5950 levels. IF Nifty does not able to maintain above 5950 levels then profit booking may be seen from higher levels. For Daily Purpose, Trend deciding level is 5900. If Nifty shows strength above 5900 level, then rally to 5950/6000/6050 levels may be seen. If Nifty does not show strength above 5850 levels then profit booking till 5850/5800/5750 may also be seen”.
KARVY STOCK: “The market will take cues from the global markets and is expected to open on a flat to positive tomorrow. Trade long in Nifty from current levels else from 5880 with stop loss placed below 5850 targeting 5950 levels”.
GABA & GABA FINANCIAL ADVISORS PVT LTD (Prakash Gaba): “...‘Technically the market is still up but we must not ignore the importance of a stiff resistance at 5879 but if that gets taken out then the next logical target could be 5956’ the market took out the strong resistance of 5879 and zoomed up…technically the next logical target is 5956 and beyond that to 6020. The support for the Nifty is at 5860 and resistance at 5956-6020. BSE Sensex: (19702) the crucial support on the Sensex on the downside is 19560 and resistance at 19842-19991-20062”.
MICROSEC SECURITIES: “We expect the positive rally of Nifty would be continuing to 5970. However the leading indicators (like Stochastic and RSI) are giving the over bought signal of Nifty. So the short term correction to 5700 can not be ruled out. On an intraday basis Nifty has a support at 5865 and is likely to face a stiff resistance near 5930. If Nifty breaks 5865, it may further go down to 5820 and then 5790. However, if it is able to sustain above 5930, the level of 5970–6010 would become the next target”.
ANGEL BROKING (Daily Outlook): “Markets opened on a positive note and gradually picked up momentum on the upside which led the indices to close in green. On the daily chart, we are witnessing a vertical up move for tenth consecutive trading session. On the upside now indices have immediate resistance at the downward sloping trendline joining the two peak of 21108 and 20664/6338 and 5178 levels which is at 19900 on the Sensex and 5950 on the Nifty. In coming trading session if indices trade above 19730/5920 levels then it may test 19800–19950/5950–6000 levels. On the downside, 19449–19382/5833–5778 may act as support for the day”.
ANAGRAM: “Nifty is likely to face strong support in the vicinity of 5800-5820 level, the level (5800) which consists of the third highest OI (i.e. 44.83 lacs shares) among the Nifty put options. On the other hand on the higher side Nifty is likely to face strong resistance in the vicinity of 5980-6000 level, the level (6000 which consists of the highest in OI (i.e. 51.41 lacs shares) among the Nifty Call Options”.
FOR TECHNICALS, “READ HERE”.
No comments:
Post a Comment