MARKET REVIEW
CNX Midcap index was up today: 27 September 2011, 1.39% about and S&P CNX 500 gained about 2.43% while BSE small cap index and Midcap also gained at 1.36% and 1.607% Respectively.
The BSE Sensex ended at 16,524.03 gaining 472.93 points. The NSE Nifty closed at 4,971.25 losing 135.85 points.
Market was up due to positive global market.
Stock market can expected to be bullish.
Today’s Nifty Top gainers were:
DLF with volume and changes 79,01,295 and 7.82 %
JPASSOCIAT with volume and changes 2,34,55,661 and 5.99 %
RELIANCE with volume and changes 50,39,564 and 5.20 %
Today’s Nifty Top losers were:
CIPLA with volume and changes 6,98,612 and 0.47 %
BPCL with volume and changes 2,85,292 and 0.11 %
Nifty can be expected to follow UP trend. It seems to be vary between 4875-5055
TECHNICAL CALLS FOR TODAY
GRAVITA
GRAVITA closed trading at 402.80. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-409
Resistance 2- 416
Support 1-398
Support 2-389
RUSHIL DÉCOR
RUSHIL DECOR closed trading at 187.05 on Monday as expected. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-194.50
Resistance 2- 201.50
Support 1- 174
Support 2-165.50
NIFTY OUTLOOK FOR TODAY: 28 SEPTEMBER 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4,905.15 and finally closed at 4,971.25 rallying UP 135.85 points (2.81%) The Nifty high and low of the day were 4,982.95 and 4,905.15 respectively.
The Nifty Futures made a up rally of 135.85 points and finally settled at 4,971.25. The 30-share BSE Sensex was trading at 16,524.03 up 472.93 points.
Market seems to be strongly trades between 4910-5015 in narrow perspective and in broad perspective it seems to be vary between 4875-5055
Tomorrow market is expected to be bearish.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 4910 Support 2: 4875
Resistance 1: 5015 Resistance 2: 5055
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9550–9780 is looking bullish in narrow perspective and in broad perspective it seems to be vary between 9410-9910.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9550 Support 2: 9410
Resistance 1: 9780 Resistance 2: 9910
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