Saturday, November 19, 2011

STOCK MARKET CALLS | ANALYSIS | NFTY OUTLOOK : 21 NOVEMBER 2011


STOCK MARKET REVIEW: 18th NOVEMBER 2011
 CNX Midcap index was down today: 18th November 2011, 0.77% about and S&P CNX 500 lost about 0.66% while BSE small cap index lost at 1.90% and Midcap lost at 1.03% respectively.
The BSE Sensex ended at 16371.51 losing 90.20 points. The NSE Nifty closed at 4905.80 losing 28.95 points.
It was bear that dominated the show most of the time but there was a steep recovery in the market after 1 pm when there was a turbulent change in the market and all of a sudden market recovered almost 120 points. Traders were in panic what to do next .the reaction was all of a sudden traders tried to losse there positions and booked loss.
Stock market is more likely to expect Bearish.

Today’s Nifty Top gainers were:
SAIL with volume and changes 543,139,628.85and 4.3 %
HEROMOTOCORP with volume and changes 1,882,771,417.90and 3.5%
BPCL with volume and changes 481,991,020.45and 2.0%

Today’s Nifty Top losers were:
SESA GOA with volume and changes 699,157,878.75and [4.6] %
BHEL with volume and changes 3,319,084,714.90and [3.5] %
ITC with volume and changes 1,627,598,728.55and [2.9] %
Nifty can be expected to follow UP trend in a long term. It seems to be varying between 4800-5000

TECHNICAL CALLS FOR TODAY: 21st NOVEMBER 2011
M&M
M&M closed today’s session at 757.65. Support and resistance levels for the share for the next trading session are:
Resistance 1-767
Resistance 2- 775
Support 1- 752
Support 2-745
HINDUSTAN UNILEVER
HINDUSTAN UNILEVER has seen trading within the range of 390.70. Expected levels for this script are as follow:
Resistance 1-395
Resistance 2- 400
Support 1- 384.50
Support 2-380
PRAKASH CONSTROWELL
PRAKASH CONSTROWELL closed trading at 222.50. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-230
Resistance 2- 238.50
Support 1- 215
Support 2-209

NIFTY OUTLOOK FOR TODAY 21TH NOVEMBER 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4899.15 and finally closed at 4905.80 rallying down 28.95 points (0.59%) The Nifty high and low of the day were 4915.90 and 4837.95 respectively.
The Nifty Futures made a DOWNTREND of 9.80 points and finally settled at 4923.15. The 30-share BSE Sensex was trading at 16371.51 down 90.20 points.
Market seems to be strongly trades between 4880-4965 in narrow perspective and in broad perspective it seems to be vary between 4845-5015.
TREND – BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 4880   Support 2: 4845
Resistance 1:4965    Resistance 2: 5015

BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 8820-9020 in narrow perspective and in broad perspective it seems to be vary between 8700-9160.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 8820    Support 2: 8700
Resistance 1: 9020 Resistance 2: 9160

4 comments:

ShareTipsInfo said...

Hey,
Indian stock market is losing its shine now a days but its still not over for our NSE and BSE. Current market correction will urge many new investors to join the Indian stock market
Its wrong to consider correction as bad for the stock market. Stock market correction is rather healthy for genuine investors.

anne tigerstocks said...

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