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100 Sure Nifty Tips


The BSE Sensex closed at 19,451.45, down by 139.73 points or by 0.71 % and then NSE Nifty was at 5,842 down by 43.7 points or by 0.74 %. The BSE MIDCAP was at 7173.5 down by 90.79 points or by 1.25 %, while the BSE SMLCAP was at 8,772.55 down by 124.64 points or by 1.4 %. The BSE Sensex touched intraday high of 19,697.21 and intraday low of 19,388.42.

On Friday, the U.S. markets closed lower after spending most of the session around the base line. Session witnessed lack of stimulators and participants took their cues from overseas markets that helped the bourses open positive, but failed to keep up the momentum and stock returned to the flat line to trade listlessly.

The lackluster tone in the trade is driven by a cautious posture ahead of earnings season, which gets its unofficial start on Monday evening, when Dow component Alcoa (AA 17.92, -0.20) reports its latest quarterly results. Further, market's recent struggle to overcome from range bound trade also comes as the S&P 500 faces resistance in the 1340 level.

During the second half of the session selling effort intensified such that it dragged all three of the major equity averages to weekly lows, but in recurring theme buyers stepped back in to provide support that helped stocks trim their losses.

On the other hand, commodities showed strength due to the dollar's ongoing doldrums. It fell to a new 52-week low against the euro, which was quoted with a 1.2% loss at $1.447 at the close of trade. Crude oil contracts for May closed up by 2.3% at $112.8 per barrel, while May natural gas prices closed lower by 0.4% at $4.04 per MMBtu.
           
The US market registered losses on Friday as investors turned cautious ahead of earnings season. Japan’s Nikkei 225 Stock Average is trading lower by 0.33% to 9,736.07 as carmakers were pressurized after Citigroup downgraded the country’s auto sector. Meanwhile, Shanghai Composite is up by 0.64% to 3,049.52 and Hang Seng Index gained 0.12% to 24,425.76.

Chinese stocks gained as the country registered a faster-than-expected growth in exports and imports last month which may assist the government to strengthen its fight against inflation. Separately, Straits Times and Taiwan Weighted are trading lower by 0.40% and 0.47% respectively.
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