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SMC Global : “The market is likely to open flat with negative bias taking cues from the weak global market. Asian stocks fell, led by banks after regulators raised the capital adequacy requirements for the world’s biggest lenders and amid concerns the US economy is faltering and Greece may not meet bailout conditions.
As per provisional figures, foreign institutional investors (FIIs) bought shares worth net Rs 890.44 crore on Friday, 24th June 2011. Domestic institutional investors sold shares worth Rs 486.85 crore on that day.’’
Angel Broking : “The trend deciding level for the day is 18,082/5,397 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,427-18,614/5,552-5,632 levels. However, if Nifty trades below 18,082/5,397 levels for the first half-an-hour of trade, then it may correct up to 17,896–17,551/5,317–5,163 levels.’’
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