Monday, October 31, 2011
STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 1ST NOV 2011
STOCK MARKET REVIEW: 31st October 2011
CNX Midcap index was up today: 31st October 2011, 0.38% about and S&P CNX 500 lost about 0.33% while BSE small cap index gained at 0.21% and Midcap gained at 0.37% respectively.
The BSE Sensex ended at 17705.01 losing 99.79 points. The NSE Nifty closed at 5326.60 losing 34.10 points.
Bear dominated the show from very start today after a very strong gain on Friday which was due to very good global cues. There was a profit booking seen everywhere except for those shares whose quarterly result opened.
Stock market is more likely to expect Bearish.
Today’s Nifty Top gainers were:
HUL with volume and changes 1,217,795,901.10and 7.1 %
HDFC BANK with volume and changes 2,179,387,991.00and 1.5%
PNB with volume and changes 168,937,198.90and 1.4 %
Today’s Nifty Top losers were:
HINDALCO with volume and changes 4,482,235,613.15and [4.5] %
STERLITE with volume and changes 1,907,900,722.80and [4.1] %
TATA MOTOR with volume and changes 3,658,773,095.10and [4.0] %
Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5200-5400.
TECHNICAL CALLS FOR TODAY : 1ST NOVEMBER 2011
BATA INDIA
BATA INDIA closed today’s session at 724.55. Support and resistance levels for the share for the next trading session are:
Resistance 1-730
Resistance 2- 742
Support 1- 713
Support 2-703
RAJESH EXPORTS
RAJESH EXPORTS has seen trading within the range of 149.50. Expected levels for this script are as follow:
Resistance 1-151.60
Resistance 2- 153
Support 1- 147.50
Support 2-145
ICICI BANK
ICICI BANK closed trading at 931.15. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-942
Resistance 2- 956
Support 1- 922
Support 2-910
NIFTY OUTLOOK FOR TODAY 1ST NOVEMBER 2011
The Nifty Index opened at 5358.90 and finally closed at 5326.10 rallying down 34.10 points (0.64%) The Nifty high and low of the day were 5360.25 and 5314.60 respectively.
The Nifty Futures made a downtrend of 38.65 points and finally settled at 5346.85. The 30-share BSE Sensex was trading at 17705.01 down 99.79 points.
Market seems to be strongly trades between 5250-5400 in narrow perspective and in broad perspective it seems to be vary between 5100-5500.
TREND -- BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5270 Support 2: 5200
Resistance 1:5360 Resistance 2: 5420
Bank Nifty Futures seems to be strongly a trade between 9800-10100 in narrow perspective and in broad perspective it seems to be vary between 9750-10300.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 9840 Support 2: 9750
Resistance 1:10120 Resistance 2: 10300
Friday, October 28, 2011
STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 31 OCTOBER 2011
STOCK MARKET REVIEW
CNX Midcap index was up by around 2.35% and S&P CNX 500 gained around 2.59% while BSE small cap index and Midcap also gained around 0.88% and 1.51% respectively.
SENSEX ended at 17,804, up 515 points. It had earlier touched a day’s high of 17,908 and NIFTY closed at 5,353, up 152 points over the previous close. It earlier touched a day’s high of 5,399.
Market today closed in green terrain indicating that the Bull Run is going to start after the positive global cue and the expectation that the solution for the European crises will be reached at very soon.
Stock market is more likely be bullish as it broke the technically strong resistance also thee strong fundamental worldwide seem to support the market .
Today’s Nifty Top gainers were:
HINDALCO, which surged around 11 %,
RELIANCE INFRA which climbed by 9.6%, and
STERLITE surged around 8.7 %
Today’s Nifty Top losers were:
BPCL with volume and fell about 3.1%
MARUTI SUZUKI fell almost 2 % and
BHARTI AIRTELL fell around 0.3% in the positive market.
TECHNICAL CALLS FOR TODAY
LUPIN
LUPIN closed today’s session at 474.65. Support and resistance levels for the share for the next trading session are:
Resistance 1-484
Resistance 2-491
Support 1- 466
Support 2-460
INDIAN HOTELS
INDIAN HOTEL closed the trading session after good Q2 results at 69.85. Expected levels for this script are as follow:
Resistance 1-71.50
Resistance 2- 73.25
Support 1- 68.00
Support 2-66.25
TATA MOTORS
TATA MOTORS closed trading at 206. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-209.35
Resistance 2- 212.45
Support 1- 203.25
Support 2-201.10
NIFTY OUTLOOK FOR TODAY:31st October 2011
Stock market is more likely to be bullish next week due to strong fundamentals. In the last trading session Nifty closed at 5,353, up 152 points over the previous close and The Sensex ended at 17,804, up 515 points the previous close. Market is expected to trade between the following ranges in the upcoming trading session:
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 5300 Support 2: 5250
Resistance 1: 5395 Resistance 2: 5450
Bank Nifty Futures strongly seems to trade between 9800–10135 in narrow perspective and in broad perspective it seems to be vary between 9695-10295.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9800 Support 2: 9695
Resistance 1: 10135 Resistance 2: 10295
Friday, October 21, 2011
STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 24TH OCTOBER 2011
STOCK MARKET REVIEW : 21st October 2011
CNX Midcap index was down today: 21st October 2011, 0.86% about and S&P CNX 500 lost about 0.72% while BSE small cap index lost at 0.60% and Midcap lost at 0.68% respectively.
The BSE Sensex ended at 16785.64 losing 151.25 points. The NSE Nifty closed at 5049.95 losing 41.95 points.
Bear hunted the bull again after a very sideways run. It was the panic and the result of bad quarterly results of the company which moved the market towards the negative junction.
Stock market is more likely to expect Bearish.
Today’s Nifty Top gainers were:
BAJAJ AUTO with volume and changes 2,205,295,477.95and 1.7 %
MARUTI with volume and changes 560,626,739.40and 1.6%
SIEMENS with volume and changes 112,529,936.65and 1.4 %
Today’s Nifty Top losers were:
L&T with volume and changes 2,008,533,066.85and [3.6] %
BHARTI AIRTEL with volume and changes 964,102,898.75and [3.1] %
TATA MOTOR with volume and changes 2,486,248,564.05and [2.7] %
Nifty can be expected to follow down trend in a long term. It seems to be vary between 4900-5200.
TECHNICAL CALLS FOR TODAY : 24th October 2011
AXIS BANK
AXIS BANK closed today’s session at 1127.70. Support and resistance levels for the share for the next trading session are:
Resistance 1-1138
Resistance 2- 1145
Support 1- 1120
Support 2-1111
GRASIM
GRASIM has seen trading within the range of 2289.55. Expected levels for this script are as follow:
Resistance 1-2310
Resistance 2- 2350
Support 1- 2270
Support 2-2252
GRAVITA
GRAVITA closed trading at 468.70. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-478
Resistance 2- 490
Support 1- 456
Support 2-440
NIFTY OUTLOOK FOR TODAY 24th October 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 5106.60 and finally closed at 5049.95 rallying down 41.95 points (0.82%) The Nifty high and low of the day were 5120.75 and 5037.95 respectively.
The Nifty Index opened at 5106.60 and finally closed at 5049.95 rallying down 41.95 points (0.82%) The Nifty high and low of the day were 5120.75 and 5037.95 respectively.
The Nifty Futures made a downtrend of 34.85 points and finally settled at 5068. The 30-share BSE Sensex was trading at 16785.64 down 151.25 points.
Market seems to be strongly trades between 4900-5100 in narrow perspective and in broad perspective it seems to be vary between 4800-5200.
TREND -- BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5020 Support 2: 4975
Resistance 1:5070 Resistance 2: 5120
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9500-9700 in narrow perspective and in broad perspective it seems to be vary between 9500-10000.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 9560 Support 2: 9450
Resistance 1:9780 Resistance 2: 9860
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STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 21 OCTOBER 2011
STOCK MARKET REVIEW : 20 october 2011
CNX Midcap index was down today: 20th October 2011, 1.16% about and S&P CNX 500 lost about 0.89% while BSE small cap index lost at 0.69% and Midcap lost at 0.48% respectively.
The BSE Sensex ended at 16941.24 losing 148.45 points. The NSE Nifty closed at 5091.90 losing 47.25 points.
Bear chased the bull all over again. The expectations were down when there was an opening bell in the market. Market crashed from the start but with good recovery from European markets supported the market and it closed with some signs of recovery.
Stock market is more likely to expect Bullish.
Today’s Nifty Top gainers were:
TATA STEEL with volume and changes 1,028,603,328.65and 1.8 %
JINDAL STEEL with volume and changes 1,169,880,771.00.50and 1.5%
BHARTI AIRTEL with volume and changes 1,478,299,329.25and 1.4 %
Today’s Nifty Top losers were:
HDFC with volume and changes 2,008,533,066.85and [4.3] %
IDFC with volume and changes 669,559,907.20and [3.7] %
Nifty can be expected to follow up trend in a long term. It seems to be vary between 4900-5200.
TECHNICAL CALLS FOR TODAY : 21 October 2011
PIRAMAL HEALTH
Resistance 1-360
Resistance 2- 364
Support 1- 352.50
Support 2-348
ARVIND
Resistance 1-109.50
Resistance 2- 111
Support 1- 106
Support 2-104.20
JSW STEEL
Resistance 1-587
Resistance 2- 591
Support 1- 577.50
Support 2-574.15
NIFTY OUTLOOK FOR TODAY 21TH October 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 5086.55 and finally closed at 5091.90 rallying down 47.25 points (0.92%) The Nifty high and low of the day were 5099 and 5033.95 respectively.
The Nifty Futures made a downtrend of 43.95 points and finally settled at 5105.45. The 30-share BSE Sensex was trading at 16936.89 down 148.45 points.
Market seems to be strongly trades between 5000-5200 in narrow perspective and in broad perspective it seems to be vary between 4800-5200.
TREND -- BULLISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5055 Support 2: 5015
Resistance 1:5120 Resistance 2: 5165
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9750-9950 in narrow perspective and in broad perspective it seems to be vary between 9500-10000.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 9660 Support 2: 9560
Resistance 1:9900 Resistance 2: 10035
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