28 march, 2008 KRC Market Outlook
Market Outlook
Key Indices:
Indices were down nearly 1% as investor’s unwound positions on March derivatives contracts expiry today. In the mid session, indices were trading mixed after recouping losses, helped by firm European markets.
|
Indices |
Close |
Support |
Trigger |
Resistance |
Advance Decline% |
Direction |
|
Sensex |
16016 |
15886-15756 |
15999 |
16128-16241 |
52:48 |
volatile |
|
Nifty |
4830 |
4779-4727 |
4821 |
4873-4915 |
51:49 |
volatile |
|
Nifty (April) Future |
4866 |
4813-4760 |
4849 |
4902-4938 |
43:57 |
volatile |
Outlook:
Markets are likely to be volatile with upward bias with flattish to weak opening
Medium term sideways and long term remains positive.
KEY Indicators:
|
FII- Equity Rs Cr for 27th March |
Mutual Fund. Rs Cr for 26th March |
Crude Oil $ |
Rupee/$ |
Advance Decline Ratio |
US Markets |
Asian Markets |
|
557.60 |
(431.50) |
106.84 |
40.15 |
1:1 |
Down |
Mixed |
Market News:
- GSK Pharma gets notice from Mumbai civic body on Worli land sale
- Tata Motors launches 1-tn pickup truck in Thailand
- Govt allows NTPC to invest over Rs 10 bn in power unit JVs
- Maharashtra govt to sign investment pact with Bharat Forge
- Bharat Forge to set up Rs 5 bn forging unit in Baramati
- Power Finance signs MoU with RITES
- Hindustan Zinc cuts zinc price by Rs 5,200 a tn
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