The Indian equities showed a positive note today also. Nifty closed in 5833.75 and Sensex closed at 19445.22.
Expect a correction soon........
Traders, do not make investments in this state. We will surely get the market in a lower range soon.
market may remain ranged between 18,000 and 20,000 level. Inflation and high crude oil prices are still causes for concern.
I think there could be some profit booking around 5,900 levels.
What is good about this market is about the rollovers because the rollovers are very good.
We are seeing around 58-59% roll over in the Nifty which was almost 48-49% on the same day in last month.
FIIs are supporting our market in a very much. That is the main reason for this positive rally.
On March 30, 2011, foreign institutional investors (FIIs) were net buyers to the tune of Rs 1,043.40 crore in equities.
They made gross purchase of Rs 3,046.30 crore and gross sales of Rs 2,002.90 crore.
In the month of March so far, FIIs were net buyers of Rs 6,966.70 crore.
The detailed table is given below.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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