Wednesday, February 29, 2012

Market report

Today market open with positive note and manged to stay above level of 5350 but ended with flat noted. European market opened flat today and go higher level. I think market is consolidating in range between 5300 to 5600 and wait for cue form budget coming to 12 march as budget session start.
   ONGC is on stock of today opened at 295 and traded higher for day. there is news that divestment issue is finalized and base price fixed at 290 . Stock was 280 level yesterdays close and todays open was due to this news flows in stock.

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