Saturday, March 5, 2011

S&P CNX Nifty forms Piercing Pattern in the Candlestick Charts on Feb 21, 2011

Today Nifty opened flat after last Friday's Bearish Engulfing. Till two o'clock nifty was forming lower tops and lower lows, which eventually took nifty at day's low of 5,413.10. There was a buying interest in the last two hours of trade in the front line stocks which took market to day's high of 5,526.25. Market has closed at 5,518.60, 59.65 points or 1.09% up. In the other hand sensex made day's low of 18,082.66 and high of 18,457.49. Sensex has closed at 18,438.31 which is 226.79 points or 1.25% up.

There was a very low volume in the cash segment. Both Domestic Institutional Investors and Foreign Institutional Investors were the net sellers in the cash segment. FII has sold of net of -245.42 Crores, DII has sold net value of -27.61. More...

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