Nifty will take support at 200 DMA around 5610: An analysis
FIIs were net sellers to the tune of Rs 270 crore while DIIs were net buyers of Rs 489 crore in cash markets on Wednesday, as per provisional data. FIIs were net buyers of Rs 925 crore in F&O.
January 20, 2011 / 11:05 IST
By Anuj Singhal, Head-Markets Research at CNBC-TV18
Market outlookThe markets are likely to start with a mildly negative bias and Nifty will find initial resistance at 5700. Nifty will take support at 200 DMA around 5610.FIIs were net sellers to the tune of Rs 270 crore while DIIs were net buyers of Rs 489 crore in cash markets on Wednesday, as per provisional data. FIIs were net buyers of Rs 925 crore in F&O.IT stocks extended losses yesterday. Results Today: Kotak Mahindra Bank, Yes Bank, TVS MotorF&O highlightsFIIs were net buyers of Rs 196 crore in Nifty Futures, net buyers of 306 crore in Nifty Options and were net buyers of Rs 409 crore in Stock Futures on January 19. Nifty 5800 Call added 6 lakh shares in Open Interest and 5700 Call added 5 lakh shares in Open Interest. NSE F&O Open Interest was up by 1,654 crore at Rs 1.53 lakh crore.LIC Housing shot up 9% and its Open Interest was down by 15%. Canara Bank rallied 7% and its Open Interest was down by 22%. Yes Bank jumped 5% and its Open Interest was down by 9%. Sintex fell 4% and its Open Interest was up by 8%. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
