STOCK MARKET REVIEW
CNX Midcap index was down 1.27% about while BSE small cap index also lost 1.45%. The BSE Small-Cap and BSE Mid-Cap indices closed -1.5% each. The Sensex declined 204.44 points to close at 18,109.89, while the Nifty dropped 60.25 points to close at 5,456.55.
The Indian stock market vanished gains in today’s trade on continuous selling pressure in index heavyweights due to disappointing manufacturing data from US, Europe and China led to sell off across the globe. Realty, banking and metal shares were the major draggers.
Today’s Nifty Top gainers were:
NTPC with volume and changes 27, 41,450 and 2.63 %
CIPLA with volume and changes 13,43,721 and 2.31 %
ONGC BANK with volume and changes 36,84,194 and 1.32 %
Today’s Nifty Top losers were:
JPASSOCIAT with volume and changes 1,66,38,810 and 5.01 %
RCOM with volume and changes 65,74,616 and 3.75 %
RELICAPITAL with volume and changes 12, 72,642 and 3.14 %.
In Upcoming trading session, market is expected to be uptrend due to expecting final result of US deal positive and that would support market.
Nifty can be expected to follow up trend. It seems to be vary between 5370-5530
SHARE TO PICKS:
WHIRLPOOL
Whirlpool Script has traded in heavy volume on Tuesday. Shares closed the today’s session at 217. Support and resistance levels for the share for the next trading session are:
Resistance 1-224
Resistance 2- 236
Support 1- 205
Support 2- 193
Bharti Airtel
Bharti Airtel has raised the pre-paid tariff by 20% in some specific areas some days before. It has seen trading within the range of 430 to 439 on Tuesday. Expected levels for this script are as follow:
Resistance 1-438
Resistance2- 444
Support 1- 428
Support 2- 413
STOCKS TO WATCH :
Sell INDIABULLS REAL ESTATE below 94
Book First target at 93 and second at 91.50
Keep Stop loss 95.65
Sell LIC HOUSING FINANCE below 205
Book First target at 202.50 and Second target at 199
Keep stop loss at 208.45
NIFTY SPOT LEVEL
The Nifty Index opened up at 5,493.20 and finally closed at 5,456.55 rallying down 60.25 points (1.09%). The Nifty high and low of the day were 5,496.30 and 5,433.65 respectively.
The Nifty Futures made a down rally of 60.25 points or (1.09%) and finally settled at 5,456.55. The 30-share BSE Sensex was trading at 18,109.89 down 204.44 points.
The Indian stock market vanished gains in today’s trade on continuous selling pressure in index heavyweights due to disappointing manufacturing data from US, Europe and China led to sell off across the globe. Realty, banking and metal shares were the major draggers.
In upcoming trading session Nifty Spot Level can be expected to follow uptrend due to positive US final results that would support market. Market seems to be strongly trades between 5410-5495 in narrow perspective and in broad perspective it seems to be vary between 5370-5530
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 5410 Support 2: 5370
Resistance 1: 5495 Resistance 2: 5530
BANK NIFTY FUTURES
Bank Nifty Futures finally settled 10780 down by 188.
In upcoming trading session Bank Nifty Futures is expected to follow up trend if it strongly trades between 10680 –10925 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10575-11010
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 10680 Support 2: 10575
Resistance 1: 10925 Resistance 2: 11010
0 comments:
Post a Comment