Market Commentary (By Users)
Topic :- Time: 3.10 PM
Close above 5100-5120 will be good for the market. We can see some more recovery in the coming days. Apart from Greece issue the other matter of concern is the rising inflationary pressure. The market breadth is now negative with advances at 596 against declines of 705 on the NSE.
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Topic :- Time:2.05 PM
Nifty spot if manages to trade and sustain above 5100 then we can see some more recovery in the market and if Nifty spot breaks and trade below 5075 then some profit booking may follow. The market breadth is negative with advances at 548 against declines of 755 on the NSE.
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Topic :- Time:12.20 PM
Its past noon and the Indian market looks nervy at this point of time with results being at the low point of the day.
Sensex is on 16908, in the negative by 179 points since its previous close, while Nifty is on 5067, in the red by 57 points.
CNX Midcap index is down 1% and BSE Smallcap index is down 0.1%.
The market breadth is now negative with advances at 552 against declines of 687 on the NSE.
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Topic :- Time:11.30 AM
News Wrap Up-
1. ICICI, others in talks to buy out Tayals in BoR
2. TCS, Infy, Wipro in race for $38-bn outsourcing deals
3. Jagran to buy Mid-Day Info for Rs 200 cr
4. Patni promoters plan to sell stake to NTT
5. IDBI AMC launches first NFO
6. Re falls 17 paise against $
7. Nikkei slides 3% to 2-mth low on euro zone woes
8. FIIs net bought Rs 1630 crore in F&O on Thursday
9. Mid-day Multimedia Q4 net loss at Rs 1.39 cr
10. ICICI eyes stake in Bank of Rajasthan
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Topic :- Time:11.00 AM
Market to remain volatile and to follow global cues. For Today NIFTY Having Strong Support at 5080(Spot) levels. Nifty spot if manages to trade and sustain above this level then we can some upward movement in market till 5110. Above 5110(Spot) we can see some good short covering along with some fresh buying in market which can take nifty to further higher levels till 5140-5170-5200. Else if Nifty spot breaks and trade below 5080 then we can see some weakness in market till 5050. Below 5050(Spot) we can see some panic selling pressure which can take nifty to further lower till 5020-4980-4950 levels very soon.
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Topic :- Time:10.10 AM
Nifty spot will find its minor support at 5070 now. Below 5070 we can see some more profit booking in the market.5102 to act as minor resistance for the Nifty. Follow market trend and trade with strict stoploss.The market breadth is positive with advances at 739 against declines of 481 on the NSE.
Data For today:
12:45pm CHF CPI m/m 0.8% 0.1%
2:00pm GBP Services PMI 57.1 56.5
All Day GBP Parliamentary Election
3:30pm EUR German Factory Orders m/m 1.3% 0.0%
5:15pm EUR Minimum Bid Rate 1.00% 1.00%
6:00pm CAD Building Permits m/m 0.6% -0.5%
6:00pm EUR ECB Press Conference
6:00pm USD Unemployment Claims 441K 448K
6:00pm USD Prelim Nonfarm Productivity q/q 2.4% 6.9%
6:00pm USD Prelim Unit Labor Costs q/q -0.5% -5.9%
6:30pm USD Treasury Sec Geithner Speaks
6:40pm USD FOMC Member Bullard Speaks
7:00pm USD Fed Chairman Bernanke Speaks
7:30pm CAD Ivey PMI 57.7 57.8
8:00pm USD Natural Gas Storage 79B 83B
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Topic :- Opening Note
Market to remain volatile and to follow global cues. Nifty spot if manages to trade and sustain above 5150 then we can see some more recovery and if Nifty spot breaks and trade below 5055 then some profit booking may follow. Please note this is opening note and should not be considered as view for whole day.
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