Tuesday, November 22, 2011

STOCK MARKET CALLS | ANALYSIS | NFTY OUTLOOK : 23RD NOVEMBER 2011


STOCK MARKET REVIEW: 22ND NOVEMBER 2011
CNX Midcap index was UP today: 22ND November 2011, 0.57% about and S&P CNX 500 gained about 0.56% while BSE small cap index gained at 0.03% and Midcap gained at 0.34% respectively.

The BSE Sensex ended at 16065.42 gaining 119.32 points. The NSE Nifty closed at 4812.35 gaining 34 points.

From very start market was likely to be positive but with some weak statement by RBI the market was unable to show some good high and it closed just above the opening. There was a lack of confidence in market after it tried to gain but some of the scripts performed so well like TATAMOTORS and MARUTI that traders got some thing to cheer for.

Stock market is more likely to expect Bullish.

Today’s Nifty Top gainers were:
TATAMOTORS with volume and changes 2,209,213,587.95and 6.7 %.

JP ASSOCIATES with volume and changes 871,774,674.70and 4.3%.
BPCL with volume and changes 255,537,693.15 and 3.3%.

Today’s Nifty Top losers were:
SIEMENS with volume and changes 699,157,878.75and [3.0] %
AIRTEL with volume and changes 3,647,923,267.20and [2.5] %
TATAPOWER with volume and changes 218,509,746.45and [2.2] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 4700-4900

TECHNICAL CALLS FOR TODAY: 23rd NOVEMBER 2011

TATAMOTORS
TATA MOTORS closed today’s session at 172.45. Support and resistance levels for the share for the next trading session are:
Resistance 1-175
Resistance 2- 178

Support 1- 170
Support 2-166

TITAN
TITAN has seen trading within the range of 185.55. Expected levels for this script are as follow:
Resistance 1-188
Resistance 2- 192.50

Support 1- 182
Support 2-179

MARUTI
MARUTI closed trading at 959.55 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-966
Resistance 2- 975

Support 1- 952
Support 2-940

NIFTY OUTLOOK FOR TODAY 23rd NOVEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 4794.85 and finally closed at 4812.35 rallying up 34 points (0.71%) The Nifty high and low of the day were 4854.00 and 4782 respectively.
The Nifty Futures made a UPTREND of 19.80 points and finally settled at 4810. The 30-share BSE Sensex was trading at 16065.42 UP 119.32 points.
Market seems to be strongly trades between 4760-4850 in narrow perspective and in broad perspective it seems to be vary between 4695-4905.
TREND – BULLISH.

SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 4760   Support 2: 4695
Resistance 1:4850    Resistance 2: 4905

Bank Nifty Futures seems to be strongly a trade between 8470-8700 in narrow perspective and in broad perspective it seems to be vary between 8300-8860

SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 8470    Support 2: 8300
Resistance 1: 8700 Resistance 2: 8860

NIFTY SPOT LEVEL: 23RD NOVEMBER 11

In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 4740-4850, and if it breaks the level 4740 Then it would go down and next support would be 4695 and if it breaks the level 4850 then would go higher and next resistance would be 4905 i.e. Nifty would vary between broad range of 4695-4905.
BANK NIFTY FUTURES:  23RD NOVEMBER 11

In upcoming trading session, Bank Nifty Futures is possible to vary between narrow ranges of 8470-8700, and if it breaks the level 8470 then it would go down up to next support 8300. If bank nifty futures sustain at 8700, then it would make high up to next resistance 8860, that is bank nifty future would vary between broad range of 8300-8860.









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