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"TRADING IDEA FOR TUESDAY (15.02.2011)"

The FIIs were net buyers with investment worth Rs 147.64 Cr (prov. cash market fig)
The BSE 30-share Sensex was up 473.59 points or 2.67% to 18,202.20. The index gained 499.01 points at the day's high of 18227.62 in late trade. The Sensex rose 128.51 points at the day's low of 17857.12 in early trade. The S&P CNX Nifty gained 146 points or 2.75% to 5,456. The BSE Mid-Cap index rose 3.52% and the BSE Small-Cap index rose 3.94%. Both these indices outperformed the Sensex.
The market breadth was strong. On BSE, 2449 shares advanced while 495 shares declined and a total of 61 shares remained unchanged. All the 30 members from the Sensex pack 29 stocks logged gains and one fell.
BSE clocked turnover of Rs 3448 almost same as that of Rs 3445.18 crore on Friday, 11 February 2011.
FOR TODAY: EU and US markets ends mixed since there was no major news/trigger at present. All Asian markets are also trading mixed today morning. SGX Nifty is trading around 5457, 2 points up and indicating Nifty may open around 5460-5469 area and try to cover the most important area 5477. If Nifty trade above 5490 with volume, we may see 5500-5540 today. Above 5550, target will be 5600 for this upmove. On the downside, if Nifty does not show strength above 5450-5460, selling pressure may be seen till 5400-5377.

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