STOCK MARKET REVIEW
CNX Midcap index was up today: 14 September 2011, 0.31% about and S&P CNX 500 gained about 1.11% while BSE small cap index and Midcap also lost at 0.37% and 0.21% Respectively.
The BSE Sensex ended at 16,709.60 gaining 242.16 points. The NSE Nifty closed at 5,012.55 gaining 71.60 points.
Inflation for the month of August has come in higher-than-expected at 9.78% as food and fuel prices continue to soar. This was significantly higher than the July inflation of 9.22%.
Primary Articles Inflation at 12.58% Vs 11.3% (MoM),Manufacturing products inflation At 7.79% Vs 7.49% (MoM),Fuel Group Inflation at 12.84%,Vs 12.04% (MoM),Food articles index at 9.62%.
Overall Stock Market would be weak but tomorrow Stock market can be expected to be bullish in beginning.
Today’s Nifty Top gainers were:
JPASSOCIAT with volume and changes 2,11,57,095 and 6.85 %
INFY with volume and changes 21,54,610 and 6.07 %
WIPRO with volume and changes 22,30,979 and 4.36 %
Today’s Nifty Top losers were:
SESAGOA with volume and changes 33,93,983 and 2.42 %
TATAPOWER with volume and changes 5,09,980 and 2.07 %
CIPLA with volume and changes 16,19,641 and 1.55 %.
Nifty can be expected to follow down trend. It seems to be vary between 4915-5100.
TECHNICAL CALLS FOR TODAY
LUPIN
LUPIN Share closed today’s session at 479.95. Support and resistance levels for the share for the next trading session are:
Resistance 1- 483.5
Resistance 2- 490
Support 1- 465.60
Support 2- 462.90
RCOM
RCOM has seen trading within the range of 81.90. Expected levels for this script are as follow:
Resistance 1- 83.30
Resistance 2- 85.30
Support 1- 79.70
Support 2- 78.20
STOCKS TO WATCH : 15 SEPTEMBER 2011
Buy PIPAVAV SHIPYARD above 92
Book First Target at 93.50 and Second at 96
Keep First Stop loss at 90.15
Buy HUL FUTURES above 350
Book First Target at 352 and Second at 356
Keep the Stop loss at 346.45
Sell SBI FUTURES at CMP
Book First Target at 1850 and Second at 1830
Keep the Stop loss at 1882.45
NIFTY OUTLOOK FOR TODAY: 15 SEPTEMBER 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4,965.05 and finally closed at 5,012.55 rallying UP 71.601.45%). The Nifty high and low of the day were 5,026.15 and 4,917.40 respectively. points (
The Nifty Futures made a up rally of 71.60 points and finally settled at 5,012.55. The16,709.60 up 242.16 points. 30-share BSE Sensex was trading at
Inflation for the month of August has come in higher-than-expected at 9.78% as food and fuel prices continue to soar. This was significantly higher than the July inflation of 9.22%.
Primary Articles Inflation at 12.58% Vs 11.3% (MoM), Manufacturing products inflation At 7.79% Vs 7.49% (MoM),Fuel Group Inflation at 12.84%,Vs 12.04% (MoM),Food articles index at 9.62%.
Market seems to be strongly trades between 4965 -5060 in narrow perspective and in broad perspective it seems to be vary between 4915-5100
Tomorrow market is expected to be bullish.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 4965 Support 2: 4915
Resistance 1: 5060 Resistance 2: 5100
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9340–9600 is looking bullish in narrow perspective and in broad perspective it seems to be vary between 9225-9780.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9340 Support 2: 9225
Resistance 1: 9600 Resistance 2: 9780
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