Equity Alert: Trade seen volatile on Sep futures expiry
MUMBAI--9:35AM--Key share indices are seen flitting between
positive and
negative territory today as traders decide whether to square off or
rollover
outstanding positions on expiry of the September futures series,
dealers said.
Dealers see market opening flat-to-slightly lower as most overseas
markets
are trading down. SGX CNX Nifty September contract was down 0.2% but
off the
1% low made earlier in the session.
Technical analysts see support for Nifty at 4110 and then 4050,
and
resistance at 4220.
"Nifty should close at around 4100 on expiry," a derivatives
analysts said.
Caution is also likely to prevail ahead of inflation data due
after market
hours. A NewsWire18 poll sees inflation for the week to Sep 13 rising
to 12.23%
against 12.14% a week ago.
Wednesday, Sensex ended at 13692.52, up 122.21 points, or 0.9%,
from
Tuesday. Nifty closed at 4161.25, up 34.35 points, or 0.8%.
Crude oil for November delivery was at around $106 a barrel on
NYMEX.
------------------------------------------------------------------------------
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
"Kences1" group.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to [EMAIL PROTECTED]
For more options, visit this group at
http://groups.google.com/group/kences1?hl=en
-~----------~----~----~----~------~----~------~--~---
