Market Oulook- 21 Feb, 2008
Key Indices:
Indices were down over 1% tracking the decline in overseas markets. In the mid session, market extended decline and shed over 2% mirroring the trend in key Asian markets.
|
Indices |
Close |
Support |
Trigger |
Resistance |
Advance Decline% |
Direction |
|
Sensex |
17618 |
17418-17219 |
17705 |
17904-18191 |
22:78 |
volatile |
|
Nifty |
5154 |
5091-5028 |
5179 |
5242-5330 |
13:87 |
volatile |
|
Nifty (Feb) Future |
5130 |
5064-4998 |
5141 |
5207-5284 |
14:86 |
volatile |
Outlook:
Markets are likely to be volatile with negative bias
Medium term accumulation and long term remains positive.
KEY Indicators:
|
FII- Equity Rs Cr for 20th Feb |
Mutual Fund. Rs Cr for 19th Feb |
Crude Oil $ |
Rupee/$ |
Advance Decline Ratio |
US Markets |
Asian Markets |
|
1585.10 |
(326.80) |
99.66 |
40.15 |
1:4 |
|
|
Market News:
- TCS gets $120 mn order from Chrysler LLC
- Mundra Port to invest Rs 600 mn in car export terminal
- Maruti Suzuki, Mundra Port in pact for car terminal for exports
- Kale Consultants to develop web-enabled solution for Sri Lanka co
- NIIT in pact to train students globally on Microsoft platforms
- NALCO plans 0.5 mn tn smelter, 1200MW power unit in S Africa
- IVRCL Infra gets orders worth Rs 5.18 bn
- Orchid gets US OK for Cefuroxime Axetil tablets
- Parsvnath arm, Royal Orchid Hotels to invest Rs 5 bn in JV
- M&M launches Scorpio SUV, Pik-Up in Peru
Sector Analysis:
|
Sensex |
Volatile with Positive Bias |
|
Nifty |
Volatile with Positive Bias |
|
Mid Cap |
Positive |
|
Small Cap |
Positive |
|
Auto |
Positive |
|
Banking |
Sideways |
|
Capital Goods |
Sideways |
|
FMCG |
Sideways |
|
Healthcare |
Sideways |
|
I.T |
Positive |
|
Metals |
Sideways |
|
Oil & Gas |
Sideways |
|
PSU |
Sideways |
|
Reality |
Sideways |
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