NIFTY LEVELS AND MARKET OVERVIEW : 1 AUGUST 2011

STOCK MARKET REVIEW 

CNX Midcap index was down 0.36% about while BSE small cap index also lost 0.67%. The Sensex declined 12.32 points to close at 18,197.20, while the Nifty dropped 5.75 points to close at 5482.

The Indian equity indices ended almost unchanged on Friday, taking a breather after three straight days of losses. It was a volatile session, with the NSE Nifty swinging between a low of 5450 and a high of 5520 levels. 

Realty, Metals and Oil & Gas stocks were among the major laggards. The Mid-Cap and the Small-Cap stocks saw some offloading as well. However, bucking the negative trend were FMCG, Banking and Telecom stocks. 

Today’s Nifty Top gainers were:

AXISBANK with volume and changes 18, 50,972 and3.03 %

PNB with volume and changes 3, 37,745 and 2.38 %

ICICI BANK with volume and changes 65, 37,10595 and 2.05 %

Today’s Nifty Top losers were:

SESAGOA with volume and changes 39,09,936 and -5.45 %

JINDALSTEEL with volume and changes 31, 60,54422 and -4.14  %

JPASSOCIAT with volume and changes 2, 18, 63,695 and -3.88 %.

Due to profit booking market seems to be under buying pressure. In upcoming session market would be downward due to weak global market and fear US dead Default.
Nifty can be expected to follow down trend due to weak global market. It seems to be vary between 5400 -5565

TECHNICAL OUTLOOK:

JK CEMENT

JK CEMENT is going to announce its quarter result on Monday. Script has traded in heavy volume before the result day. Shares closed the today’s session at 106.65. Support and resistance levels for the share for the next trading session are:

Resistance 1-109

Resistance 2- 111

Support 1- 105 

Support 2- 103

SUZLON ENERGY

SUZLON ENERGY is going to announce its first quarter results on 29^TH July. It has seen trading within the range of 53 to 52 on Friday. Expected levels for this script are as follow:

Resistance 1-53

Resistance 2-54

Support 1- 52 

Support 2- 51

NIFTY SPOT LEVEL
                                                                                                          

The Index opened up at 5,479.00 and finally closed at 5,482.00 rallying down -5.75 points (0.10%). The Nifty high and low of the day were 5,520.30 and 5,453.95 respectively.

The Nifty Futures made a down rally of -5.75 points or (0.10%) and finally settled at 5,482.00. The 30-share BSE Sensex was trading at 18,209.52 down 222.73 points.

The Indian equity indices ended almost unchanged on Friday, taking a breather after three straight days of losses. It was a volatile session, with the NSE Nifty swinging between a low of 5450 and a high of 5520 levels. 

Realty, Metals and Oil & Gas stocks were among the major laggards. The Mid-Cap and the Small-Cap stocks saw some offloading as well. However, bucking the negative trend were FMCG, Banking and Telecom stocks. 

In upcoming trading session Nifty Spot Level can be expected to follow down trend due to weak global market and fear US dead default trend. But buying pressure would be expected due to profit booking. Market seems to be strongly trades between 5440-5530   in narrow perspective and in broad perspective it seems to be vary between 5400 -5565

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5440         Support 2 : 5400 

Resistance 1: 5530     Resistance 2: 5565

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 10926 up by 62.

In upcoming trading session Bank Nifty Futures is expected to follow down trend if it strongly trades between 10800 –11000 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10680-11150

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10800       Support 2: 10680

Resistance 1: 11000   Resistance 2: 11150

STOCKS TO WATCH :

Sell Corporation Bank below the Level 500

Book First Target at 496 and Second target at 490

Keep stop loss at 507.45

NIFTY LEVELS AND MARKTE OVERVIEW : 29 JULY 2011

STOCK MARKET REVIEW 

CNX Midcap index was down 0.84% about while BSE smallcap index also lost 0.93%. The Sensex declined 232 points to close at 18200, while the Nifty dropped 61 points to close at 5486.

The broader index Indians lose third straight day because of weak global cues and U.S. lawmakers are closer to a deal to avoid default.

Today’s Nifty Top gainer were:

ITC with volume and changes 1, 62, 70,594 and 2.79 %

ACC with volume and changes 7, 17,149 and 2.62 %

RANBAXY with volume and changes 7, 35,737 and 1.95 %

Today’s Nifty Top losers were:

RELIINFRA with volume and changes 15, 78,674 and -4.37 %

JPASSOCIAT with volume and changes 1, 85, 73,275 and -4.22 %

IDFC with volume and changes 1, 37, 27,908 and -3.14 %.

Most of the day the decision was neither in the favour of bull nor of bear

but finally bear fragged the tug, tomorrow the market is again expected to trade on downtrend as no sign of hope is coming from the global market side

In upcoming trading session Nifty can be expected to follow down trend due to weak global market. It seems to be vary between 5400 -5565

TECHNICAL OUTLOOK:

BLUE STAR

BLUE STAR is going to announce its quarter result tomorrow. Script has traded in heavy volume before the result day. Shares closed the today’s session at 290. Support and resistance levels for the share for the next trading session are:

Resistance1-302,

Resistance2- 314  

Support 1- 282

Support 2- 274

ICICI BANK

ICICI BANK is going to announce its first quarter results on 29TH July. It has seen trading within the range of 1035 to 1010 on Friday. Expected levels for this script are as follow:

Resistance -1031

Resistance 2- 1045

Support 1 – 1005

Support 2- 995

NIFTY SPOT LEVEL
                                                                                                          

The Index opened up at 5,492.40 and finally closed at 5,487.75 rallying down 59.05 points (1.06%). The Intraday high and low of the day were 5,512.10 and 5,475.65 respectively.

The Nifty Futures made an down rally of 59.05 points or (1.06%). and finally settled at 5,546.80. The 30-share BSE Sensex was trading at 18,209.52 down 222.73 points.

The broader index Indians lose third straight day because of weak global cues and U.S. lawmakers are closer to a deal to avoid default.

Most of the day the decision was neither in the favour of bull nor of bear

but finally bear fragged the tug, tomorrow the market is again expected to trade on downtrend as no sign of hope is coming from the global market side

In upcoming trading session Nifty Spot Level can be expected to follow down trend due to weak global market trend. Seems to be strongly trades between 5440  –5530   in narrow perspective and in broad perspective it seems to be vary between 5400 -5565

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5440         Support 2 : 5400 

Resistance 1: 5530     Resistance 2: 5565

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 10827 down by 189.

In upcoming trading session Bank Nifty Futures is expected to follow down trend if it strongly trades between 10700 –10930 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10570-11050

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10700        Support 2:   10570

Resistance 1: 10930   Resistance 2: 11050

DAILY LEVELS AND MARKET OVERVIEW : 28 JULY 11

STOCK MARKET REVIEW 

CNX Midcap index was down 0.06% about while BSE smallcap index also gained 0.03% The NSE Nifty lost further 28 points to close at 5546 while the BSE Sensex fell 86 points to end at 18431.

Asian stock indexes were trading mostly lower Wednesday as investors turned cautious about the political fallout from the impasse on the United States, increasing national debt ceiling to avoid default. In Japan the Nikkei 225 Average fell 0.6% to 10 037 while the Shanghai Composite index was unchanged in China and 2704. Hong Kong Hang Seng lost 0.1% of the 22557. Kospi in South Korea decreased by 0.2% in 2165. S & P in Italy decreased by 0.2% in 4562. NZ-50 in New Zealand fell by 0.2% in 3410

Today’s Nifty Top gainer were  :

MARUTI with volume and changes  5,03,547 and 3.32%

SESAGOA  with volume and changes 24,76,722 and 3.22 %

DLF  with volume and changes 81,59,048  and 1.54 %

Today’s Nifty Top losers were :

BHEL with volume and changes 36,10,568 and  -4.33 %

PNB  with volume and changes 2,33,455 and  4.09 %

HINDALCO with volume and changes 69,14,827 and -3.18 %.

In upcoming trading session Nifty can be expected to follow down trend due to weak global market. It seems to be vary between 5430 -5635

TECHNICAL OUTLOOK :

TITAN INDUSTRIES

TITAN is going to announce its quarter result tomorrow. Script has traded in heavy volume before the result day. Shares closed the today’s session at 224.5. Support and resistance levels for the share for the next trading session are:

Resistance 1-228

Resistance 2- 232

Support 1- 218

Support 2- 215

BATA INDIA

BATA INDIA is going to announce its first quarter results on 28TH July. It has seen trading within the range of 616 to 630 before the result day. Expected levels for this script are as follow:

Resistance 1-632

Resistance 2- 639

Support 1- 617

Support 2- 609

STOCKS TO WATCH :

Buy ADVANTA above the level 318

Book first target at 324 and second at 330.

Keep the Stop loss at   310.65

Buy ATLAS CYCLE around 355.

Book first target at 360 and Second target at 365

Keep the stop loss at 349.75

Buy IPCA LABORATORIES above the levels 352

Book first target at 356 and Second target at 360

Keep the Stop loss at 347

NIFTY SPOT LEVEL
                                                                                                          

The Index opened up at 5,588.55 and finally closed at 5,546.80 rallying down 28.05 points (0.50%). The Intraday high and low of the day were 5,591.70 and 5,521.50 respectively.

The Nifty Futures  made an down rally of 28.05 points or (0.50%) and finally settled at 5,546.80. The 30-share BSE Sensex was trading at 18,432.25 down 85.97 points.

Asian stock indices were trading mostly lower on Wednesday, as investors turned wary about the fallout of the political impasse in the US over raising the nation's debt ceiling to avoid a default. The Nikkei 225 average in Japan was down 0.6% at 10,037 while the Shanghai Composite index in China was flat at 2,704. The Hang Seng in Hong Kong lost 0.1% at 22,557. The Kospi in South Korea was down 0.2% at 2,165. The S&P in Australia was down 0.2% at 4,562. The NZX 50 in New Zealand was down 0.2% at 3,410.

In upcoming trading session Nifty Spot Level can be expected to follow down trend due to weak global market trend.Seems to be strongly trades between 5485 –5580 in narrow perspective and in broad perspective it seems to be vary between 5430-5635

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5485         Support 2 : 5430  

Resistance 1: 5580     Resistance 2: 5635

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 11020 down by 90.

In upcoming trading session Bank Nifty Futures is expected to follow down trend if it strongly trades between 10900 –11120 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10770-11220

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10900        Support 2:   10770

Resistance 1: 11120    Resistance 2: 11220

NIFTY LEVELS AND MARKET OVERVIEW : 26TH JULY 11

STOCK MARKET REVIEW

CNX Midcap index was up 0.75% about while BSE smallcap index also gained 0.50% The BSE Sensex was 18,871, up 149 points over the previous close. NSE Nifty was quoting 5,677, up 46 points over the previous close.

Markets extended rise for the second day after good gains in index heavyweights like RIL, Bharti Airtel, Reliance Communications, M&M, L&T. Auto, telecom, capital goods and pharma shares supported the markets. The Nifty hit highest level in more than two weeks.

Today’s Nifty Top gainer were  :

RCOM with volume and changes 3,15,61,087 and 13.84%

M&M with volume and changes 20,44,486 and  3.26%

AXISBANK with volume and changes 24,30,128 and  3.28%

Today’s Nifty Top losers were :

ITC with volume and changes 93,12,170 and 1.13 %

CIPLA  with volume and changes 12,36,691 and  1.54%

In upcoming trading session market  can be expected to follow uptrend. It seems to be vary between 5605   - 5780

TECHNICAL OUTLOOK FOR THE DAY

THOMAS COOK

THOMAS COOK is going to announce the quarter result on 26TH July. The script closed trading at 50.95.Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-52

Resistance 2- 53

Support 1- 50

Support 2- 49

PIDILITE INDUSTRIES

PIDILITE INDUSTRIES is going to announce its first quarter results on 26TH July. It has seen trading within the bounded range before the result day. expected resistance and support levels are:

Resistance 1-178

Resistance 2- 180

Support 1- 174 

Support 2- 171

NIFTY SPOT LEVEL
                                                                                                        

The Index opened up at  5,633.80 and finally closed at 5,680.30  rallying up +46.35 points (0.82%) The Intraday high and low of the day were 5,700.55 and 5,616.70 respectively.

The Nifty Futures also made an up rally of  46.35 points or (0.82%)  and finally settled at 5,680.30 . The 30-share BSE Sensex was trading at 18,871.29 up 148.99 points.

Markets extended rise for the second day after good gains in index heavyweights like RIL, Bharti Airtel, Reliance Communications, M&M, L&T. Auto, telecom, capital goods and pharma shares supported the markets. The Nifty hit highest level in more than two weeks.

In upcoming trading session market market can be expected to follow uptrend, strategy for tomorrow will be buy on dips .Seems to be strongly trades between 5645 – 5740  in  narrow perspective and in broad perspective it seems to be vary between 5605 - 5780

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

Support 1: 5645        Support 2 : 5605  

Resistance 1:  5740     Resistance 2: 5780

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 11406 up by 96

In upcoming trading session market is expected to follow uptrend if it strongly trades between 11270–11505 is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  11160  - 11625

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 11270       Support 2:   11160   

Resistance 1: 11505   Resistance 2: 11625

STOCKS OF WATCH


Buy OBC at cmp.

Book first target at 378 and second target at 382.

Keep the  stop loss at 369.65

Buy AXIS BANK above the level1340.

Book first target at 1348 and Second target at 1360.

Keep the stop loss at 1325.45

Buy HCL TECH at cmp

Book first target at  521 and second target at 526

Keep the stop loss at 509.65

Buy TECH MAHINDRA at cmp.

Book first target at 779 and Second target at 788.

Keep the stop loss at 763.45

Buy BATA FUTURES above 645.

Book first target at  648 and second target at 653.

Keep stoploss at  stop loss 640.85