Tuesday, November 29, 2011

STOCK MARKET CALLS | ANALYSIS | NFTY OUTLOOK : 30th NOVEMBER 2011



STOCK MARKET REVIEW: 29th NOVEMBER 2011
CNX Midcap index was down today: 29th  November 2011, 0.88% about and S&P CNX 500 lost about 0.93% while BSE small cap index lost at 0.18% and Midcap lost at 0.56% respectively.

The BSE Sensex ended at 160008.34 losing 158.79 points. The NSE Nifty closed at 4805.10 losing 46.20 points.

As expected it was a trap from the market that many of the traders were having long positions in the morning session. After the market opened it was positive but as the day progressed the market moved towards bearish trend. The trend continued for the whole day and at last gave a good bear trend.
Stock market is more likely to expect bearish.

Today’s Nifty Top gainers were:
DR REDDY with volume and changes 438,870,947.65and 2.8 %.

BAJAJ AUTO with volume and changes 977,349,888.55and 1.9%.

M&M with volume and changes 1,134,858,762.60and 1.7%.


Today’s Nifty Top losers were:
AIRTEL with volume and changes 2,266,389,052.40and [3.6] %.

DLF with volume and changes 941,530,526.25and [3.2] %.

PNB with volume and changes 506,396,493.30and [3.0] %.

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

TECHNICAL CALLS FOR TODAY: 29TH NOVEMBER 2011

PANTALOON

PANTALOON closed today’s session at 196.70. Support and resistance levels for the share for the next trading session are:

Resistance 1-200
Resistance 2- 205

Support 1- 192
Support 2-189

BAJAJ AUTO

BAJAJ AUTO has seen trading within the range of 1649. Expected levels for this script are as follow:

Resistance 1-1660
Resistance 2- 1675

Support 1- 1635
Support 2-1625

TITAN

TITAN closed trading at 185.30 Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-188
Resistance 2- 192

Support 1- 182
Support 2-179

NIFTY OUTLOOK FOR TODAY 30TH NOVEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 4864.20 and finally closed at 4805.30 rallying DOWN 46.30 points (3.00%) The Nifty high and low of the day were 4866.10 and 4787.10 respectively. 

The Nifty Futures made an DOWNTREND of 58.30 points and finally settled at 4812. The 30-share BSE Sensex was trading at 16008.34 DOWN 158.59 points.
Market seems to be strongly trades between 4765-4875 in narrow perspective and in broad perspective it seems to be vary between 4730-4915.
TREND – BEARISH.

SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 4765   Support 2: 4730
Resistance 1:4875    Resistance 2: 4915

Bank Nifty Futures seems to be strongly a trade between 8520-8720 in narrow perspective and in broad perspective it seems to be vary between 8350-8880.

SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 8530   Support 2: 8350
Resistance 1: 8720 Resistance 2: 8880

NIFTY SPOT LEVEL: 30th NOVEMBER 11

In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 4765-4875, and if it breaks the level 4765 Then it would go down and next support would be 4730 and if it breaks the level 4875 then would go higher and next resistance would be 4915 i.e. Nifty would vary between broad range of 4730-4915.

BANK NIFTY FUTURES:  30th NOVEMBER 11

In upcoming trading session, Bank Nifty Futures is possible to vary between narrow ranges of 8530-8720, and if it breaks the level 8530 then it would go down up to next support 8350. If bank nifty futures sustain at 8720, then it would make high up to next resistance 8880, that is bank nifty future would vary between broad range of 8530-8720









1 comments:

Peehu Sharma said...

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MCX Crude Oil tips

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