K R Choksey Market Outlook 28 Feb 2008
Key Indices:
Firm cues from overseas markets and expectations from the Union Budget lifted key share indices up around 1.4%. In the mid session, indices were up over 1%, but slightly off highs in choppy trade on continued selling pressure at higher levels.
| Indices | Close | Support | Trigger | Resistance | Advance Decline% | Direction |
| Sensex |
17826 |
17685-17545 |
17911 |
18052-18278 |
43:57 |
volatile |
| Nifty |
5268 |
5223-5177 |
5295 |
5341-5414 |
49:51 |
volatile |
| Nifty (March) Future |
5222 |
5170-5117 |
5267 |
5320-5417 |
39:61 |
volatile |
Outlook:
Markets are likely to be in rangebound movements
Medium term sideways and long term remains positive.
KEY Indicators:
|
FII- Equity Rs Cr for 27th Feb |
Mutual Fund. Rs Cr for 26th Feb |
Crude Oil $ |
Rupee/$ |
Advance Decline Ratio |
US Markets |
Asian Markets |
|
85.40 |
525.90 |
100.32 |
39.73 |
2:3 |
Flat |
Down |
Market News:
- JV cos of Reliance Energy, Tata Power distribute power in Delhi
- Exelon Infra, IK Projects in pact for apparel unit
- GE Shipping in pact to sell 2 product tankers in Apr-Jun 2010
- BGR Energy gets Rs 7.93 bn order from Andhra power co
- TVS Motor confirms launch of new 125cc motorcycle Flame
|
Sensex |
Sideways |
|
Nifty |
Sideways |
|
Mid Cap |
Sideways |
|
Small Cap |
Sideways |
|
Auto |
Sideways |
|
Banking |
Negative |
|
Capital Goods |
Positive |
|
FMCG |
Sideways |
|
Healthcare |
Positive |
|
I.T |
Negative |
|
Metals |
Negative |
|
Oil & Gas |
Sideways |
|
PSU |
Sideways |
|
Reality |
Negative |
Warm Regards,
Eservices
Tel: 91-22-6696 5555
KRChoksey Shares & Securities Pvt. Ltd.
www.krchoksey.com
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