STOCK MARKET REVIEW
CNX Midcap index was UP today: 21 September 2011, 1.03% about and S&P CNX 500 gained about 0.19% while BSE small cap index and Midcap also gained at 0.71% and 0.73% Respectively.
The BSE Sensex ended at 17,065.15 losing 34.13 points. The NSE Nifty closed at 5,133.25 losing 6.95 points.
Indian equity benchmarks closed on a flat note amid volatile session on Wednesday.
Stock market can be expected to be bullish in beginning.
Today’s Nifty Top gainers were:
SIEMENS with volume and changes 1,10,695 and 2.03 %
ICICI BANK with volume and changes 32,30,402 and 1.99 %
AMBUJA CEMENT with volume and changes 48,027 and 1.80 %
Today’s Nifty Top losers were:
HEROMOTOCO with volume and changes 7,45,676 and -3.43 %
HINDALCO with volume and changes 57,95,587 and -3.27 %
MARUTI with volume and changes 4,48,621 and -3.19 %.
Nifty can be expected to follow down trend. It seems to be vary between 4915-5100.
TECHNICAL CALLS FOR TODAY
BHEL
BHEL closed today’s session at 1635.20. Support and resistance levels for the share for the next trading session are:
Resistance 1- 1639
Resistance 2-1645
Support 1- 1631
Support 2- 1627
VOLTAS
VOLTAS has closed the trading at 121.10. Expected levels for this script are as follow:
Resistance 1- 123
Resistance 2- 125
Support 1- 198
Support 2-196
STOCKS TO WATCH : 22 SEPTEMBER 2011
Buy VIP at cmp
Book First target at 1032 and Second at 1045
Keep stop loss at 1004.45
Buy ULTRATECH CEMENT FUTURES above 1176
Book First target at 1186 and second at 1200
Keep stop loss at 1157.45
Buy M&M FUTURES above 822
Book First target at 828 and second at 836
Keep stop loss at 812.45
NIFTY OUTLOOK FOR TODAY: 22 SEPTEMBER 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 5,153.75 and finally closed at 5,133.25 rallying down 6.95 points (0.14%). The Nifty high and low of the day were 5,168.40 and 5,109.85 respectively.
The Nifty Futures made a down rally of 6.95 points and finally settled at 5,133.25. The 30-share BSE Sensex was trading at 17,065.15 down 34.13 points.
Indian equity benchmarks closed on a flat note amid volatile session on Wednesday.
Market seems to be strongly trades between 5100-5180 in narrow perspective and in broad perspective it seems to be vary between 5050-5235
Tomorrow market is expected to be bullish.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 5100 Support 2: 5050
Resistance 1: 5180 Resistance 2: 5235
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9780–10030 is looking bullish in narrow perspective and in broad perspective it seems to be vary between 9640-10180.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9780 Support 2: 9640
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