Get free stock market tips, daily stock market tips, share market tips, stock investing tips, daily share market tips, MF investing tips, Mutual FUnds tips, Stock market basics, stock market tutorials, Indian share market tips, BSE closing, SENSEX closing, NIFTY closing, BSE daily rates

Custom Search



Monday, May 3, 2010

SENSEX | NIFTY closes in red as global cues weakens

(BSE closing rates 3/5/2010) - Market breadth was negative on the BSE with 875 declines against 424 advances.

Bombay Stock Exchange’s Sensex closed at 17386.08, down 172.63 points or 0.98 per cent. The index touched intra-day low of 17345.92 and high of 17536.86.

National Stock Exchange’s Nifty ended at 5222.75, down 55.25 points or 1.05 per cent. The index touched a low of 5210.05 and high of 5278.70 in today’s trade.

“Indices are likely to face resistance at the 17650-17800-18000/5310-5350-5400 levels (on Sensex and Nifty respectively). Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17350-17200-17050/5250-5220-5200 levels.

Depending on the global cues we expect to see an upward movement from the mentioned supports and trade could be influenced by strong moves sectorally. Any move until the said resistances shall be utilised to exit from long positions and look out for a sustainable move,” said Kalyan Reddy, technical analyst, Karvy Stock Broking.

BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index slipped 0.33 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.74 per cent, BSE IT Index slipped 1.28 per cent and BSE Capital Goods Index declined 1.06 per cent.

No comments:

Post a Comment

 

Disclaimer:Stock Market trading involves risk and this website does not warrant or make any representations regarding the use or the results of the materials posted on this website or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. www.stockinvestingtips.in does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. We clearly state that we have no financial liability whatsoever to any user on account of the use of information provided on the website.
All content within the www.stockinvestingtips.in website is property of www.stockinvestingtips.in and may not be reproduced or duplicated for any reason without the permission of www.stockinvestingtips.in


© Copyrights reserved | for Advertising on this website mail at : know_himanshu@yahoo.co.in for terms and conditions