Evening Buzzer

OUTLOOK
Nifty opened gap up strongly on the back of positive global
cues & extended yesterday's rise throughout the session.
Technically, we have mentioned that 3150 level is an
important resistance zone & today it not only crossed that
mark but closed firmly above 3200 levels. We witnessed
buying across the board with market breadth inclined heavily
on the advancing side & volume also remained above the
average levels. From here onwards, we expect that index may
test 3400 levels in the near term with minor profit booking in
between.


Support - 3150-3090 Resistance – 3290-3330


As per the provisional figures, the BSE 30-share Sensex was up
455.48 points, or 4.6%, to 10,357.47. At the days high of 10,432.31, the
Sensex rose 530.32 points in mid-afternoon trade; it’s highest since 7
January 2009. At the days low of 10,107.25, the Sensex rose 205.26
points in early trade. The BSE clocked a turnover of Rs 4,900 crore,
higher than Rs 3,887.60 crore on Wednesday 1 April 2009.The market
breadth, indicating the overall health of the market, was strong on
BSE with 2,012 stocks advancing as compared with 556 that
declined. A total of 55 shares remained unchanged. The S&P CNX
Nifty was up 153.10 points or 5.02% to 3,213.85 as per the provisional
figures. Today’s NSE turnover is14600.59.