| Gap-down opening for Nifty seen | 22-NOV-09 |
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| The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday. |
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| FII-TO-FII TRADES: PNB traded at 4% premium | 21-NOV-09 |
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| Trades between FIIs generated a volume of Rs 75 crore on the BSE Friday-an increase of 33.49% from Rs 56 crore clocked on Thursday. As many as eight stocks witnessed trades of 13 lakh shares on Friday. |
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| Investment through PNs rising again | 20-NOV-09 |
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| The notional value of investments in the domestic stock market through participatory notes (PNs), the off-shore derivatives issued by foreign institutional investors (FIIs), rose from 15.5 per cent in August to 16.4 per cent and 16.5 per cent in September and October, respectively. |
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| Nifty may hit new high this week | 15-NOV-09 |
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| The activities of foreign institutional investors (FIIs) with long build-up in the Nifty futures and short-covering in stock futures during the week ended September 13 augur well for the market. The Nifty is expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the downside, 4,940 is a healthy support level and, below that, 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short-covering from foreign investors in the Nifty and stock futures. |
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