Trading with PT style

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TOMORROW 24 MARCH TRADING IN EQUITY AND F&O IS CLOSED ON OCCASION OF RAM NAVMI AND TRADING IN COMMODITY IS NORMAL FROM 10 A.M. TO 11:30 P.M.
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FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 23-Mar-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 23-Mar-2010 2385.54 2025.79 359.75



Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment


The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 23-Mar-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 23-Mar-2010 1078.06 1151.45 -73.39
 
Nifty witnessed high volatility yday and again get the good buying support at the level of 5190 to 5200. Nifty is holding the 5200 level from few trading sessions which indicating that market is having positive strength and could continue this uptrend for a while. In the upside the nifty future could face the major resistance around the level of 5300. Closing above could take it the nifty future till 5370 in short term. In the downside below 5190 nifty could slip till the level of 5145 to 5150.
 
SENSEX 17451.02 +40.45
NIFTY 5225.30 +20.10

RS/$ 45.49 -00.01
Equity benchmarks picked up steam in the last half hour of trade Tuesday after being choppy for a major part of the session. A smart opening on the back of encouraging cues from global markets gave way to profit booking but indices got back in action in late trade.

Global markets were trading with decent gains Tuesday helped by an overnight rise on Wall Street after the passage of a sweeping US health care measure. Major markets gained by 1 per cent or less, reversing their declines the day before.

However back home, volatility remained high as traders rolled over positions in the derivatives segment from March to the April 2010 series ahead of the F&O expiry of the derivatives contracts on Thursday.

Pharma companies stood out in today's session and there was good momentum in index heavyweight Reliance Industries as well. Volumes have been good in the last 2-3 days and we have observed that 5200 on Nifty held out strongly. Only if it breaks 5200 could we see significant downside for the market. However, we expect the F&O expiry to be above 5200 as there are not many short positions left in the market

National Stock Exchange's Nifty ended at 5225.30, up 0.39 per cent or 20.10 points from its previous close. The index touched a high of 5243.60 and low of 5193.40 intraday.

Bombay Stock Exchange's Sensex shut shop at 17,451.02, higher by 40.45 points or 0.23 per cent. The index came up from a low of 17,356.64 to a high of 17,530.79 in today's trade.

The broader market eked out modest gains as well. BSE Midcap Index gained 0.21 per cent and BSE Smallcap Index climbed 0.3 per cent.

Sectorally, BSE Healthcare Index was up 1.54 per cent, BSE Oil&Gas Index rose 1.13 per cent, BSE Power Index advanced 0.88 per cent and BSE Metal Index climbed 0.83 per cent. Meanwhile, BSE Realty Index dropped 0.71 per cent and BSE Auto Index edged down 0.52 per cent.

On a stock-specific note, Cipla and Piramal Healthcare were in demand after the latter bought the rights for Cipla's emergency contraceptive drug brand, i-pill, for Rs 95 crore. Cipla shares surged 2.59 per cent to Rs 342 while Piramal Healthcare climbed 3.76 per cent to Rs 426.45.

Biggest Sensex gainers were HDFC Bank (2.52%), Tata Power (1.45%), Reliance Industries (1.43%), Tata Steel (1.2%) and NTPC (0.84%).

Index laggards comprised Bharti Airtel (-3%), Tata Motors (-2.76%), DLF (-2.06%), Grasim Industries (-1.37%) and ACC (-1.3%).

Market breadth on BSE remained negative with 1502 declines against 1264 advances.

The Indian stock market will be closed on Wednesday for a public holiday.
 
NIFTY FUTURES (F & O):
Below 5208 level, expect profit booking up to 5200-5202 zone and thereafter slide may continue up to 5182-5184 zone by non-stop.
Hurdles at 5237 & 5240 levels. Above these levels, buying may continue up to 5246-5248 zone and thereafter expect a jump up to 5264-5266 zone by non-stop.
Cross above 5270-5272 zone, can take it up to 5288-5290 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 5176-5178 zone. Stop Loss at 5157-5159 zone.
 
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