Market Outlook Feb 26 2008
Market Outlook
|
Key Indices: Indices were up 0.4% amid choppy trade on firm overseas markets, but were off the 1% high touched at open on decline in bank shares. In the mid session, Short covering in the futures and options segment helped the market to recoup 1% loss suffered earlier in the session and register a gain. |
| Indices | Close | Support | Trigger | Resistance | Advance Decline% | Direction |
| Sensex | 17651 |
17301-16951 |
17488 |
17837-18024 |
83:17 |
volatile |
| Nifty |
5201 |
5100-4999 |
5156 |
5257-5313 |
87:13 |
volatile |
| Nifty (March) Future |
5178 |
5065-4953 |
5130 |
5242-5307 |
68:32 |
volatile |
Outlook:
Markets are likely to be volatile
Medium term accumulation and long term remains positive.
KEY Indicators:
|
FII- Equity Rs Cr for 25th Feb |
Mutual Fund. Rs Cr for 22nd Feb |
Crude Oil $ |
Rupee/$ |
Advance Decline Ratio |
US Markets |
Asian Markets |
|
(453.80) |
(163.60) |
99.30 |
40.05 |
4:1 |
Positive |
Positive |
Market News:
- L&T’s power equipment JV plant at Hazira to be completed in 24 mos
- Karnataka Power Corp’s long-term bank loans get ICRA’s LA
- HDFC to infuse Rs 39 bn to maintain stake at 23.2% in HDFC Bank
- L&T infra project development arm listing likely in 2009-10
|
Sensex |
Positive |
|
Nifty |
Positive |
|
Mid Cap |
Sideways |
|
Small Cap |
Sideways |
|
Auto |
Positive |
|
Banking |
Sideways |
|
Capital Goods |
Positive |
|
FMCG |
Positive |
|
Healthcare |
Positive |
|
I.T |
Positive |
|
Metals |
Positive |
|
Oil & Gas |
Positive |
|
PSU |
Positive |
|
Reality |
Positive |
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