Stock market review, stock market analysis and nifty outlook, 29 august 2011, stock market blog, technical calls for today, Nifty outlook for today
Saturday, August 27, 2011
Friday, August 26, 2011
STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 29 AUGUST 2011
STOCK MARKET REVIEW
CNX Midcap index was down today: 29 august 2011, 2.07% about and S&P CNX 500 lost about 1.98% while BSE small cap index and Midcap also lost at 2.65% and 2.25% Respectively.
The BSE Sensex ended at 15,848.83 losing 297.50 points. The NSE Nifty closed at 4,747.80 losing 91.80 points.
It was complete mayhem on DALAL STREET, with stocks being pummeled left, right and center. ADAG heavyweights like Reliance Capital, RCom, Reliance Power and Reliance Infra tumbled over 5% each. Among the other major laggards were Sesa Goa, DLF, Reliance Industries and Tata Steel.
Tomorrow market is expected to be bearish .
Today’s Nifty Top gainers were:
HERO MOTOCORP with volume and changes 4,99,712 and 3.14 %
M&M with volume and changes 22,57,013 and 1.23 %
INFY with volume and changes 26,27,745 and 1.13 %
Today’s Nifty Top losers were:
RELCAPITAL with volume and changes 47,55,497 and 12.33 %
RCOM with volume and changes 1,68,15,724 and 11.11 %
JPASSOCIAT with volume and changes 1,59,81,989 and 7.42 %.
Nifty can be expected to follow down trend. It seems to be vary between 4655-4840.
TECHNICAL CALLS FOR TODAY
Tea major, McLeod Russel , is all smiles at the estates. Tea production for the company is ahead of expectations this season due to lesser pest activity and timely rains. This share closed the session at 237.
Resistance 1- 245
Resistance 2- 253
Support 1- 226
Support 2- 221
Petronet LNG , the biggest beneficiary of the increasingly gas-starved Indian market. The company is planning to expand its Dahej capacity by 5 MMTPA and is also setting up a greenfield LNG terminal of 5 MMTPA in Kochi. It has closed the trading session on Friday at 168.
Resistance 1- 175
Resistance 2- 184
Support 1-164
Support 2- 161
STOCKS TO WATCH : 29 AUGUST 2011
Sell FEDERAL BANK below 326
Book First Target at 321 and Second target at 317
Keep the stop loss at 331.45
Sell SBI below 1863
Book First Target at 1850 and Second Target at 1825
Keep the stop loss at1885.45
Sell UCO BANK below 401
Book First target at 397 and second at 393
Keep the stop loss at 406.45
NIFTY OUTLOOK FOR TODAY : 29 AUGUST 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4,839.25 and finally closed at 4,747.80 rallying down 91.80 points (1.90%). The Nifty high and low of the day were 4,872.00 and 4,720.00 respectively.
The Nifty Futures made a down rally of 91.80 points and finally settled at 4,747.80. The 30-share BSE Sensex was trading at 15,848.83 down 297.50 points.
It was complete mayhem on DALAL STREET, with stocks being pummeled left, right and center. ADAG heavyweights like Reliance Capital, RCom, Reliance Power and Reliance Infra tumbled over 5% each. Among the other major laggards were Sesa Goa, DLF, Reliance Industries and Tata Steel.
Market seems to be strongly trades between 4700-4800 in narrow perspective and in broad perspective it seems to be vary between 4655-4840
Tomorrow market is expected to be bearish.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 4700 Support 2: 4655
Resistance 1: 4800 Resistance 2: 4840
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 8820–9090 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 8635-9195.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 8820 Support 2: 8635
Resistance 1: 9090 Resistance 2: 9195
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Thursday, August 25, 2011
Stock Research : 26 august 2011
Stock market review, stock market analysis and nifty outlook, 26 august 2011, stock market blog, technical calls for today, Nifty outlook for today
STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 26 AUGUST 2011
STOCK MARKET REVIEW
CNX Midcap index was down today: 25 august 2011, 1.01% about and S&P CNX 500 lost about 1.02% while BSE small cap index and Midcap also lost at 0.82% and 0.88% Respectively.
The BSE Sensex ended at 16,146.33 losing 138.65 points. The NSE Nifty closed at 4,839.60 losing 49.30 points.
Indian stock market dropped for a second day as concern a global slowdown will hurt corporate earnings countered speculation the U.S. Federal Reserve will continue efforts to boost the world’s largest economy.
Tomorrow market is expected to be bearish as last day of trading day eye will be on bernanke speech.
Today’s Nifty Top gainers were:
DLF with volume and changes 2.80 59,05,167%
PNB with volume and changes 5,61,683 and 2.60 %
AMBUJACEMENT with volume and changes 32,95,892 and 2.45 %
Today’s Nifty Top losers were:
JPASSOCIAT with volume and changes 1,60,00,857 and 5.22 %
SAIL with volume and changes 27,29,101 and 3.92 %
HCLTECH with volume and changes 20,95,994 and 3.87 %.
Nifty can be expected to follow down trend. It seems to be vary between 4740-4930.
TECHNICAL CALLS FOR TODAY
GSFC- GUJRAT STATE FERTILIZERS AND CHEMICALS
GSFC provides Fertilizers Urea, Bio Fertilizer, Caprolactam, Melamine, Nylon-6, Biotech Product, Agro Product, Micro Irrigation, Horticulture.Closed at 385
Resistance 1-390
Resistance 2- 391.5
Support 1- 382.5
Support 2- 380
RELIANCE POWER
Reliance power has got 50 mw project from canadian company. It currently closed on NSE at 82.00.
Resistance 1- 84.5
Resistance 2- 85
Support 1- 80
Support 2- 79
NIFTY OUTLOOK FOR TODAY : 26 AUGUST 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4,914.65 and finally closed at 4,839.60 rallying down 49.30 points (1.01%). The Nifty high and low of the day were 4,915.85 and 4,825.05 respectively.
The Nifty Futures made a down rally of 49.30 points and finally settled at 4,839.60. The16,146.33 down 138.65 points. 30-share BSE Sensex was trading at
Indian stock market dropped for a second day as concern a global slowdown will hurt corporate earnings countered speculation the U.S. Federal Reserve will continue efforts to boost the world’s largest economy.
Market seems to be strongly trades between 4785-4890 in narrow perspective and in broad perspective it seems to be vary between 4740-4930.
Tomorrow market is expected to be bearish as last day of trading day
eye will be on bernanke speech.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 4785 Support 2: 4740
Resistance 1: 4890 Resistance 2: 4930
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9025–9280 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 8900-9425.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9025 Support 2: 8900
Resistance 1:9280 Resistance 2: 9425
Wednesday, August 24, 2011
stock market analysis and market overview : 25 august 2011
Stock market review, stock market analysis and nifty outlook, 25 august 2011, stock market blog, technical calls for today, Nifty outlook for today
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