STOCK MARKET REVIEW
CNX Midcap index was down today: 28 September 2011, 0.85% about and S&P CNX 500 lost about 0.56% while BSE small cap index and Midcap also lost at 0.97% and0.88% Respectively.
The BSE Sensex ended at 16,446.02 losing 78.01 points. The NSE Nifty closed at 4,945.90 losing 25.35 points.
After a huge uptrend the market seen a selling pressure here on wednesday as no one wants to take the position. the situation in the market is not sutaible for interday traders and whole market was busy in profit booking in old positions. Thursday can give more panicking results as the inflation data can again pull the market downward
Stock market is more likely to expect bullish.
Today’s Nifty Top gainers were:
DLF with volume and changes 1,36,09,864 and 2.20 %
GAIL with volume and changes 14,80,562 and 2.33 %
RANBAXY with volume and changes 6,39,709 and 2.13 %
Today’s Nifty Top losers were:
RELIANCE CAPITAL with volume and changes 58,83,292 and 7.22 %
JPASSOCIAT with volume and changes 2,15,49,368 and 5.17 %
SESAGOA with volume and changes33,16,611 and 3.57%
Nifty can be expected to follow up trend in a long term. It seems to be vary between 4790-5105
TECHNICAL CALLS FOR TODAY
LOVABLE LINGERIE
LOVABLE LINGERIE closed today’s session at 462.55. Support and resistance levels for the share for the next trading session are:
Resistance 2- 485
Support 1- 455
Support 2-449
RCOM
RCOM has seen trading within the range of 78.50. Expected levels for this script are as follow:
Resistance 2- 84.20
Support 1- 84.20
Support 2-75.90
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.
Market seems to be strongly trades between 4860-5055 in narrow perspective and in broad perspective it seems to be vary between 4790-5105
Stock market is more likely to expect bullish
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 4860 Support 2: 4790
Resistance 1: 5055 Resistance 2: 5105
Bank Nifty Futures seems to be strongly a trade between 9480–9850 in narrow perspective and in broad perspective it seems to be vary between 9320-1000.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9480 Support 2: 9320
Resistance 1: 9850 Resistance 2: 1000
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1 comments:
Gold settled at 1136.80, up $7, or 0.62%. Silver and platinum also settled higher on Friday.
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