Foreign Institutional Investors (FIIs) were net sellers in the equity segment worth Rs. 398.6 million on both the BSE and the NSE on Feb. 28, as per provisional data available at NSE.
The BSE 30-share Sensex was up 122.49 points or 0.69% to 17,823.40. The index gained 595.62 points at the day's high of 18,296.53 in mid-afternoon trade. The Sensex rose 17.97 points at the day's low of 17,718.88 in early afternoon trade.The S&P CNX Nifty was up 29.70 points or 0.56% to 5,333.25.
The BSE Mid-Cap index rose 0.31% and the BSE Small-Cap index gained 0.36%. Both these indices underperformed the Sensex.
The market breadth was positive. On BSE, 1,601 shares advanced while 1208 shares declined. A total of 126 shares remained unchanged. From the 30 share Sensex pack, 16 rose and the rest fell.
BSE clocked turnover of Rs 4060 crore higher than Rs 3492.49 crore on Friday, 25 February 2011.
FOR DETAILS, “READ HERE”.
VIEWS FROM DIFFERENT BROKING HOUSES:
SKP SECURITIES: “Nifty may face resistance at 5400-5500 and take Support at 5230-5170”.
ANGEL BROKING (Mileen Vasudeo): “Market opened on a positive note and witnessed sharp upside momentum which was short lived as selling pressure in later half wiped out majority of the gains. On the daily chart, the market has closed above the high of the hammer formed on Friday but the formation of current candle is not so encouraging. Any close below the low of the Hammer formation (17,469/5,232 level) would negate its bullish implication. However, if indices manage to trade above 18,028/5,400 levels in coming trading session then it may test 18,296-18,350/5,477-5,500 levels”.
CANARA BANK SECURITIES (CanMoney): “Technically, after Friday’s surge, today Nifty formed one bullish candle and confirms the positive movement of Friday. As per candlestick pattern, Nifty has formed two bullish candles in two successive sessions; it has to close on bullish note in next trading session to confirm the up bound trend (Three bullish soldiers). In today’s session, there was buying aided with short covering, which finally adjusts with modest gains. Owing to higher volatility, Nifty regains 5,400 level but again lost it and closed above the sentimental support of 5,300. Nifty maintained a good closing, yet it closed below the vital level of 9, 15, 50 and 100 day’s SMA placed at 5424, 5396, 5678 and 5856 levels; these levels may act as resistances, in coming sessions. VIX though corrected a little and closed at a modest level of 24.40%, thus indicating less than average volatility in market in the forthcoming sessions. RSI (14) for the day was at 40.54 levels and MACD was above the signal line, thus combined together they are giving the signals that market may witness ranged movement in coming session”.
BONANZA PORTFOLIOS (Puneet Kinra): “Nifty showed shooting star candlestick pattern on daily charts, which after a hammer candlestick pattern shows indecision among bulls and bears. Neither Bulls nor bears have been able to take advantages. Selling pressure may be continuing below 5,300 levels. On the other hand, If Nifty shows respect for support at 5,300 levels then some recovery may also be seen. For daily purpose, trend deciding level is at 5,300-5,330. If Nifty shows strength above 5,330 level, then rally to 5,360/5,400/5,460 levels may be seen. If Nifty does not show strength above 5,300 levels then selling till 5,260/5,200/5,150 may also be seen”.
No comments:
Post a Comment