The Indian markets closed in the negative after what was a juggernaut of a start to the day.
In the closing sessions, there was intense selling pressure which led to the submission of all its early gains made earier in the day.
Sensex shut shop at 16428, in the negative by 17 points while Nifty stropped at 4928, in the red by 2 points since its previous close.
CNX Midcap index was down 0.1% and BSE Smallcap index was up 0.4%.
The market breadth was positive with advances at 886 against declines of 400 on the NSE.
FII trading activity on NSE and BSE on Capital Market Segment
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 21-May-2010.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 21-May-2010 ON FRIDAY = 1831.38 3371.7 -1540.32
PLEASE LOOK AT THIS DATA FOREIGN INSTITUTIONAL INVESTORS (FII) MAJOR
SELLING AFTER 3 MONTH LEVEL. ( -1540.32)
OUR MARKET LOOK LIKE A NEGATIVE TREND NIFTY MAJOR SUPPORT 4950 BROKEN
TODAY, NEXT SUPPORT 4900 - 4800
TOMORROW CLOSING BELOW NIFTY 4850 UNEXPECTED SELLING POSSIBLE.
PLEASE EXIT ALL LONG
TRADE WITH SAFE , ONLY TRADE INTRADAY
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