FIIs were net buyers with the tune of Rs. 3324.59 crore (prov. cash market fig).
The BSE 30-share Sensex was up 155.04 points or 0.80% to 19,445.22, its highest closing since 12 January 2011. The index gained 284.98 points in early afternoon and made day’s high of 19,575.16 which is its highest level since 10 January 2011. The index also slipped 5.83 points at the day's low of 19,284.35 in late trade. The S&P CNX Nifty was up 46.10 points or 0.80% to 5,833.75, its highest closing since 12 January 2011. The Nifty made a high of 5,872 and low of 5,778.65 during the day. The BSE Mid-Cap index rose 0.29% and the BSE Small-Cap index rose 0.21%. Both these indices underperformed the Sensex.
The total turnover on BSE amounted to Rs. 3192 crore, higher than Rs. 3105 crore on Wednesday.
Among the 30-member Sensex pack, 21 gained while the rest of them declined.
VIEWS FROM DIFFERENT BROKING HOUSES:
SKP SECURITIES: “Nifty future may face resistance at 5885-5950 and take Support at 5770-5700”.
CANARA BANK SECURITIES (CanMoney): “Technically, Nifty extended the positive momentum to eight consecutive day and closed the session on positive note. Today, Nifty again exhibited its strength and escalated to touch 5800 level before closing at 5833. Good roll over statistics also supported the buying in our market. Despite a sudden dip into red, indices maintained a positive closing . This may provide good support to bulls in coming sessions. Nifty maintained its closing above the sentimental levels of 9,14, 50 & 100 day’s SMA 5609,5557, 5500 & 5731 these levels may act as new supports, in coming sessions. In today’s session, VIX moved a little higher level of 22.04%, indicating more than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 66.42 levels and MACD was above the signal line, thus combined together they are giving the signals that market may witness positive movement in coming session”.
FAIRWEALTH SECURITIES: “In the next session, Nifty may trade in the range 5801-5869 with strong resistance at 5895 and upport at 5753. Bank Nifty traded in a wide range of 11569-11898. In the next session Bank nifty is expected to trade in the range 11560-11780. Also, 11900 and 11960 might be strong resistance zone for Bank Nifty. 11490 and 11340 might act as other support levels for Bank Nifty”.
BONANZA ONLINE: “For Daily Purpose, Trend deciding level is 5850. If Nifty shows strength above 5850 level, then rally to 5900/5940 levels may be seen. If Nifty does not show strength above 5850 levels then profit booking till 5800/5750/5700 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 5800 with stop loss placed below 5780 targeting 5850 levels”.
PINC RESEARCH: “While we retain our positive view on the Nifty, it is time to be a bit cautious after witnessing eight consecutive days of uptrend. Short term technical indicators too have reached over bought zone and suggest that the upmove now seems stretched. So a breather for this trend which started from 5350 may be on the anvil. We may be approaching the end of this move sooner rather than later”.
GABA FINANCIAL ADVISORY (Prakash Gaba): “Technically the market is up and the next logical target is 5826 but I would not rule out profit booking on the last day of the F&O expiry’ the market unfolded as expected climbed to the high of 5872 and closed towards near our resistance…technically 5979 still is a strong resistance to deal with… The support for the Nifty is at 5780 and resistance at 5879.
BSE Sensex: (19445) the crucial support on the Sensex on the downside is 19285 and resistance at 19584”.
IIFL (Amar Ambani): “All eyes would be on the fiscal deficit data, auto sales numbers and Cement dispatch numbers to be released in the coming days, which could also determine the market trend. Technically, the Nifty might face some resistance around 5,890 levels. The short-term trend could stay positive, provided the Nifty sustains above 5,700 marks”.
MICROSEC SECURITIES: “On an intra-day basis Nifty has a support at 5790 and is likely to face a stiff resistance near 5875. If Nifty breaks 5790, it may further go down to 5740 and then 5700. However, if it is able to sustain above 5875, the level of 5920–5960 would become the next target”.
ANGEL BROKING (Daily Outlook): “The trend deciding level for the day is 19435/5828 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 19585–19726/5877–5920 levels. However, if Nifty trades below 19435/5828 levels for the first half-an-hour of trade then it may correct up to 19295–19144/5785–5735 levels. From the technical aspect, on an intra-day basis Nifty has a support at 5790 and is likely to face a stiff resistance near 5875. If Nifty breaks 5790, it may further go down to 5740 and then 5700. However, if it is able to sustain above 5875, the level of 5920–5960 would become the next target”.
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