Thursday, November 24, 2011

STOCK MARKET CALLS | ANALYSIS | NFTY OUTLOOK : 25th NOVEMBER 2011

STOCK MARKET REVIEW: 25th NOVEMBER 2011

CNX Midcap index was up today: 24th November 2011, around 1.85% and S&P CNX 500 gained about 1.15% while BSE small cap index gained at 0.38% and Midcap gained at 1.40%.

The BSE SENSEX ended at 15858 adding 158 points. The NSE Nifty closed at 4756 gaining 50 points.

Market opened in green but sinked into deep red but after the inflation data came as a soother for the market , it not only recover all the loss but added 50  points to its previous closing.

Stock market is trading in the bearish trend.

Today’s Nifty Top gainers were:
GAIL with volume 2161402 and changed 4.26 %.

ONGC with volume 43, 81,453 and changed 4.12%.

SESA GOA with volume 33,28,120 and changed 3.73%.

Today’s Nifty Top losers were:
SAIL with volume 69, 75,556 and changed -3.19 %.

R POWER with volume 26, 37,403 and changes -2.61 %.

ACC with volume 3, 50,229 and changed -1.84 %.


Nifty is expected to follow down trend. It seems to be varying between 4635-4795

TECHNICAL CALLS FOR TODAY: 25TH NOVEMBER 2011

PANTALOON

PANTALOON closed today’s session at 203.90. Support and resistance levels for the share for the next trading session are:
Resistance 1-206.35
Resistance 2- 211.70
Support 1- 196.10
Support 2-189.30

IFCI
IFCI has closed the trading 23.80. Expected levels for this script are as follow:
Resistance 1-27.90
Resistance 2- 25.40
Support 1- 22.40
Support 2-19.85

GLENMARK
GLENMARK closed trading at 315.20 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-318.30
Resistance 2- 321.20
Support 1- 312.25
Support 2-309.40

NIFTY OUTLOOK FOR TODAY 25TH NOVEMBER 2011


The NSE Nifty finished at 4,756, up 50 points over the previous close. It earlier touched a day’s high of 4,771 and a day’s low of 4,639. It opened at 4,707.Market seems to be strongly trades between 4635-4795 in broad perspective and in narrow perspective it seems to be vary between 4700-4740.

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels
Support 1: 4675   Support 2: 4610
Resistance 1:4740    Resistance 2: 4795


BANK NIFTY FUTURES is expected to go upward till the level of 8660. Bank nifty will be trading between the narrow ranges of 8300-8520.

SUPPORT AND RESISTANCE:
SUPPORT LEVELS
Support 1: 8300
Support 2: 8190    

RESISTANCE LEVELS 
Resistance 1: 8520
Resistance 2: 8660


NIFTY SPOT LEVEL: 25th NOVEMBER 11

In upcoming trading session there is higher possibility that nifty spot manages between narrow ranges of 4635-4795, and If the market breaches the level of 4740 on the upper side then the next resistance level will be 4795. But if nifty breaches the support level of 4700 then it may go down till the level of 4635. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4700-4740

BANK NIFTY FUTURES:  25th NOVEMBER 11

In upcoming trading session, Bank Nifty Futures is possible to vary between the broad levels of 8190-8660. Bank nifty futures can go down till the level of 8190 once it breaks the level of 8300. On the opposite side once breaking the level of 8520, it is expected to go upward till the level of 8660. Bank nifty is expected to trade between the narrow ranges of 8300-8520.









1 comments:

Peehu Sharma said...

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