The Government will announce Wholesale Price Index (WPI) for the month of January 2011 on Monday, 14 February 2011.
The BSE 30-share Sensex was up 265.57 points or 1.52% to 17,728.61. The Sensex lost 167.42 points at the day's low of 17,295.62 in early afternoon trade, its lowest level since 15 June 2010. The index rose 289.52 points at the day's high of 17,752.56 in late trade. The S&P CNX Nifty was up 84.20 points or 1.61% to 5310. The Nifty hit low of 5,177.70 in early afternoon trade, its lowest level since 15 June 2010. The BSE Mid-Cap index rose 2.92%. The BSE Small-Cap index rose 2.94%. Both these indices outperformed the Sensex.
The market breadth was strong. On BSE, 2113 shares advanced while 776 shares declined. A total of 61 shares remained unchanged. The breadth had become negative in early afternoon trade from positive breadth earlier in the day. Among the 30-member Sensex pack, 21 rose while the rest declined.
BSE clocked turnover of Rs 3427 crore, lower than Rs 3700.07 crore on Thursday, 10 February 2011.
FOR TODAY: Nifty has a support at 5,280, 5,215 and 5,125 levels while resistance at 5,360, 5,445 and 5,525. Meanwhile, important Sensex support levels are 17,610, 17,430 and 17,135 and resistance levels are 17,890, 18,075 and 18,450.
Both EU and US markets closed in green on Friday since Egypt crisis was over. All Asian markets are trading in green today morning. SGX Nifty is trading around 5350, 37 points up. All datas are also suggesting that NIfty may trade in a range between 5200-5400 (with expanded view, its 5100-5500) till any major changes. Today Nifty may open around 5340-50. Being 5369 is a resistance area, it may try to cross and hit 5389/5410. On the downside, if breaks 5300, it may hit 5277 and 5242 on the downside.
Probably, Nifty will trade above 5300 for the whole day.
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