21800, 22000 ARE THE UPSIDE LEVELS TO EYE; 21400 IS IMMEDIATE SUPPORT
WORLD MARKETS
U.S. indices gained
0.2%-0.3%.
U.S. 10-year treasury
yield dipped 10 bps to 3.798%. Dollar index tumbled half a percent to 100.95,
its lowest level since July 27. Gold rose half a percent to $2077 per ounce.
WTI crude fell 1.9% to
settle at $74.11 a barrel while Brent declined 1.8% to settle at $79.65.
European markets gained
upto 0.4%
AT HOME
Benchmark indices surged
1% each, extending the winning streak to fourth straight session and hitting
fresh record highs. Sensex settled at 72038, up 701 points while Nifty added
213 points to finish at 21654. Nifty mid-cap and small-cap indices gained 0.4%
each. Except 0.3% lower Oil & Gas index, all the NSE sectoral indices ended
higher, with PSU Bank and Auto indices being the top gainers, up 2.1% and 1.5%
respectively.
FIIs net bought stocks
and stock futures worth Rs 2926 cr and 2903 cr respectively but net sold index
futures worth Rs 488 cr. DIIs were net sellers to the tune of Rs 192 cr.
Rupee depreciated 15
paise to end at 83.34/$.
OUTLOOK
Today morning, Hang Seng
and Shanghai are up 1% and 0.4% respectively while Nikkei is off half a
percent. GIFT Nifty is suggesting around 75 points higher start for our market.
In yesterday's report we
had said that 21593, the top made last week, was the next upside
target/resistance to eye while 21232, the low made on Friday, was the immediate
support.
Nifty surged to touch a
high of 21675 before closing at 21654.
21800, followed by 22000
are the next upside levels to eye; 21400 is the immediate support on the hourly
chart, with the stop-loss of which, trading longs can be held on to.
For Banknifty, 49000, followed by 49350, are the next upside levels to eye; 47800 is the immediate support.
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