Market today : 14th Aug 08

Though on Tuesday market tried to resist all negative cues but the strength was absent and it seems this week market may not see green again as being the last trading day of the week and inflation data is to be announced, cautiosness was expected but negative global cues and rise in crude by 2% might spoil the day. Market is expected to open in Red which 30-50 points down in Nifty. Some buying is expected below 4500 level which may lead to some recovery at the end.

Turnover traded in markets stood at Rs 61,043.34 crore. This includes Rs 12,035.80 crore from NSE Cash segment, Rs 43,947.06 crore from NSE F&O and balance Rs 5,060.48 crore from BSE Cash segment. Turn over was not upto the mark showing less participation.

4400 in Nifty and 14600 in Sensex is the key support level in Nifty and Sensex respectively, and if this is breached we may see again market going down at 4200 level in Nifty. Market range whole day is expected to be between 4420-4550 in nifty and 14700-15200 in Sensex.


Sectors to Watch-
Sugar stocks may recover, Banks and Real estate will have to bear some more pain. Healthcare, FMCG and Metals may be flat. IT may gain and Autos will be flat with negative biased.]

Stock to Watch-
Educomp Solutions, APTECH, United Breweries, Jindal Steel and Power and RNRL.