Market Support at 5250

Market opened 25 points down with negative cues from the global market. The first half traded mostly flat but in the second half dalal street witnessed serious selling presure and nifty managed to close just above 5250 mark. Global witnessed serious down trend as China sensed 52 weeks low after loosing 440 points in single day. Advnce decilnes reversed by the end of the day.

Market Closed above 5330

Market opened flat and traded in the range bound around 5290-5310 in the first half of the trading. Few stocks saw new highs and failed to hold the same then. Oil sector was one of the biggest money maker in the morning session. Most of the stocks in oil sector touched new highs after relaxation of price fixation. Rcom gained in the morning after hearing after its sold its tower business to GTL infra. In the second half of the trade nifty breached critical level of 5315 and advance towards 5330 levels and it helped overall market to move upward. In the second session sugar stocks led the rally. All sugar stocks broke its pervious high levels and helped the market to end its first session of the week to close with a positive note. Now market is really looking bullish now crusial resistance is around 54000 level. Nifty has moved confrtabley 5330 levels and looking bullish.

Nifty Slips Below 5000

Nifty Tocuhed 5125 Levels

Markets opened on a flat note on 4 June and it was the final day of the week so the turnover was very less. Only few specific sector based stocks did well. Leading sectors were Telecom and Sugar followed by Oil and Gas but could not hold at the end of the day. Rcom gained about 6% followed by Bharati and Idea Cellular. Sugar space also did considerably well. Banking opened well but could not hold the same level at the end of the day. IT and Infrastructure looked good in the morning but slipped in the later of the day. But overall market did well by closing up by 25 points.

Nifty Closes Above 5000

Finally today nifty close above psychological mark of 5000 despite global markets opened low. Todays market was good trader market as nifty was trying to cross 5000 marks but it failed to do the same thrice in the day. Second half Indian markets picked positive cue from US futures and it crossed 5000 mark and close at 5027 at the end of the day. Today few stocks picked up in the morning well but in the middle they lost the rally and at the end of the day most of the stocks did well. Despite good market few sectors fail to perform. Days out performing sector was Telecom. Fertilizer with stand firmly for second successive day. Sugar also become sweeter for the day. IT saw some selling pressure in the morning but positive market helped IT to gain back.

What is Beta?

Beta is measure of a stock's fluctuation in relation to market fluctuation.
Beta is tool to calculate performance of a stock or share to overall stock market. Stock Market has generally 1.0 Beta.By definition, the market has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market. A stock that swings more than the market over time has a beta above 1.0( ie High Beta Stock). If a stock moves less than the market, the stock's beta is less than 1.0.(Low Beta Stock). High-beta stocks are supposed to be riskier but provide a potential for higher returns; low-beta stocks pose less risk but also lower returns.


Generally High Beta Sectors

Reality & Housing Sector
IT Stocks
Telecommunication Sector
Cement and Construction Sector

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