Tuesdays market status.

                         

Market Status of whole day.....!!!

                                             The market has been consolidating in a narrow range for the past few days and unless we get a clear signal of a break up or break down, this range could continue Positional traders should stay away but traders could take a call on either edge of the range with a 30-point stop loss for a 70-80 point target.

                                           The market continues to stay in a range and unless 5300-5320 breaks on the downside, we should not pre-empt market declines, For the day, the Nifty needs to stay above 5387 to be positive with supports at 5353 and 5317 and resistances at 5423 and 5457,

                                         The pre-opening session of the market begins with the Nifty and Sensex indicating a flat start today. The SGX Nifty is at 5402, down 13 points. Normal trading will start at 9.15 am.

                                               The Indian market opens for trade this morning on a negative note following soft global cues. Earlier, the US markets ended with marginal gains with the Dow up 72 and Nasdaq up 27 odd points while Asia is in the red at this hour. Sensex is trading at 17762, down 10 points from its previous close, and Nifty is at 5384, down 6 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.3%.

                                               After a gap-down start, the market has now picked up some steam and moved into the green. Sensex is trading at 17807, up 35 points from its previous close, and Nifty is at 5400, up 10 points. CNX Midcap index is up 0.6% and BSE Smallcap index is also up 0.6%.

                                           As long as the Nifty stays above 5280-5290, momentum will remain in the midcaps while largecaps will continue to stay sideways.

                                             The market is showing a gradual upmove with the Nifty now above the 5400 levels. Sensex is trading at 17813, up 40 points from its previous close, and Nifty is at 5405, up 14 points. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 858 against declines of 475 on the NSE.

                                               January Inflation: Primary articles inflation has come in at 2.25% versus 3.07% (MoM), fuel group inflation is at 14.21% versus 14.91% (MoM), food articles inflation at -0.52% versus 0.74% (MoM) while manufactured products inflation is at 6.49% versus 7.41% (MoM).

                                             The market is still showing strength though it is trading with modest gains. Sensex is at 17825, up 52 points from its previous close, and Nifty is at 5408, up 18 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 852 against declines of 519 on the NSE.

Following the 15% move across Asian markets, the nervousness among investors is increasing, We believe it is still too early to reverse our bullish stance on Asia There is plenty of talk of correction but we would be a buyer in case of corrections.

                                           Europe is trading with a negative bias while the Indian market is still quiet and rangebound and the Nifty is just above the 5400 mark. PSU banks are seeing the most buying today. Sensex is trading at 17799, up 26 points from its previous close, and Nifty is at 5402, up 12 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 798 against declines of 619 on the NSE.  

                                            The markets are still trading flat, though with some positive bias. Realty and auto are the lead performers at this hour while oil & gas and healthcare are the biggest losers. The Sensex is trading at 17793, up 20 points from its previous close, and the Nifty is at 5402, up 12 points. The CNX Midcap index is up 1% while the BSE Smallcap index has gained 0.8% till now. The market breadth is positive with advances at 795 against declines of 640 on the NSE.

                                               The markets closed with moderate gains today with capital goods being the best performer. The Sensex closed at 17889 (provisional), up 116 points from its previous close, and the Nifty closed at 5427 (provisional), up 37 points. The CNX Midcap index was up 1% and the BSE Smallcap index gained 0.8%. The market breadth was positive with advances at 821 against declines of 630 on the NSE.

Monday starts with green note... 

                              The market is trading in the range of 5300 and 5400 and the Nifty needs to give a closing above 5400 for 2-3 days before the uptrend will resume For the week, an important level is 5376 and for today, the market needs to remain above 5383 in order to remain positive. 

                     The pre-opening session of the market begins with the Nifty and Sensex indicating a start in the green today.

                     The Indian market opens for trade the first day of a new week on a flat note while Asia is in the green at this hour. Sensex is trading at 17764, up 15 points from its previous close, and Nifty is at 5378, down 2 points  The market breadth is positive with advances at 495 against declines of 224 on the NSE.

                     After a flat start, the market is now trading lackluster and sluggish. Sensex is at 17701, down 47 points from its previous close, and Nifty is at 5361, down 19 points. CNX Midcap index is down 0.1% and BSE Smallcap index is also down 0.1%. The market breadth is negative with advances at 593 against declines of 672 on the NSE.

                     At noon, the market is still in negative terrain with the Sensex at 17714, down 34 points from its previous close, and Nifty is at 5367, down 13 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.4%. The market breadth is negative with advances at 686 against declines of 694 on the NSE. 

                     Profit booking keeps the Indian market in the red, led by realty stocks. Sensex is trading at 17722, down 26 points from its previous close, and Nifty is at 5371, down 9 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.1%. The market breadth is negative with advances at 671 against declines of 744 on the NSE

                               The market is likely to continue to move in a 200-point range so hold on to long positions in the Nifty which has sound support at 5320-5330,Book profits at 5500.

                                The market has now picked up steam and moved into the green though it is trading with marginal gains. There is more stock-specific action in trade today. Sensex is at 17774, up 26 points from its previous close, and Nifty is at 5386, up 5 points. CNX Midcap index is up 0.3% and BSE Smallcap index is also up 0.3%. The market breadth is positive with advances at 729 against declines of 695 on the NSE.

                               As long as the market stays above the Nifty level of 5290, then the strategy should be to buy on all declines.

Stock market status of the week...

                      

                    SENSEX v/s NIFTY

                 The markets performed well during the week and the Nifty outperformed the Sensex. Metal and banking led the rally and IT and auto, too, supported the indices well. The Sensex was up 1% while the Nifty gained 3% during the week. The CNX Midcap index was up 3%, BSE Smallcap gained 3% and the Bank Nifty, too, closed with 3% gain over the week. The BSE Auto was up 2%, BSE OilGas gained 1% while the BSE Power also closed with 1% gain. The BSE IT was up 2.5% and the BSE Metal gained 4% over the week. The top Nifty gainers during the week were Cairn India, Jindal Steel, SAIL and Bajaj Auto while the biggest losers included Bharti Airtel, HUL, IDFC and Ranbaxy.