as the upsides were capped due to profit sales as was advocated
yesterday. The traded volumes were higher as the upthrusts were met by
mild unwinding from the short term players.
The market breadth was positive as the combined exchange figures were
2249:1661. The capitalisation of the figures on a commensurate basis
were also positive as the numbers were Rs 13772 crore:Rs 7217 crore.
The f&o data for the session indicated a higher turnover as the intra-
day participation perked up to capitalise on the day's volatility.
The indices have closed at the upper end of the intra-day range and
that too with positive market internals — indicating an optimistic
undertone. Profit-taking was evident at higher levels. The 4970/5100
range advocated for Tuesday held as the index traded well within these
parameters.
The coming session is likely to witness a range of 5100 on advances
and 5000 on declines. As long as the bulls maintain Nifty levels above
the 5035 mark, the outlook is likely to be positive. The market
internals indicate a higher turnover as the participation levels rose
marginally.
The number of trades increased and the average ticket size was higher,
indicating a bias towards unwinding. The capitalisation of the market
was higher in line with an uptick session. The outlook for the markets
on Wednesday is that of caution as the profit sales may continue on
advances.
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