Wednesday, November 30, 2011

STOCK MARKET CALLS | ANALYSIS | NFTY OUTLOOK : 1ST DECEMBER 2011


STOCK MARKET REVIEW: 30th NOVEMBER 2011
CNX Midcap index was down today: 30th  November 2011, 0.20% about and S&P CNX 500 gained about 0.19% while BSE small cap index lost at 0.73% and Midcap lost at 0.66% respectively.
The BSE Sensex ended at 16123.45 gaining 115 points. The NSE Nifty closed at 4832.05 gaining 26.95 points.
It was the result of GDP numbers that came in the market that market out performed each and every one. Market started negative but after the announcement of GDP numbers market soon recovered and closed well above the 4830 mark which was a strong resistance level.
Stock market is more likely to expect bearish.

Today’s Nifty Top gainers were:
POWERGRID with volume and changes 291,137,770.45and 4.1 %.
AIRTEL with volume and changes 2,588,953,476.15and 3.3%.
SUN PHARMA with volume and changes 279,692,814.85and 3.2%.

Today’s Nifty Top losers were:
SAIL with volume and changes 857,460,448.45and [4.3] %.
RANBAXY with volume and changes 447,413,809.45and [3.9] %.
STERLITE with volume and changes 491,562,820.50and [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: 1ST DECEMBER  2011

TITAN
TITAN closed today’s session at 177.65. Support and resistance levels for the share for the next trading session are:
Resistance 1-180
Resistance 2- 184
Support 1- 174
Support 2-170
PANTALOON
PANTALOON 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
SIEMENS
SIEMENS closed trading at 688.95 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-694
Resistance 2- 700
Support 1- 680
Support 2-674

NIFTY OUTLOOK FOR TODAY 1ST DECEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 4766.15 and finally closed at 4832.05 rallying UP 26.92 points (0.56%) The Nifty high and low of the day were 4851.55 and 4754.80 respectively. 

The Nifty Futures made an UPTREND of 26.50 points and finally settled at 4843.12. The 30-share BSE Sensex was trading at 16123.46 UP 115.12 points.
Market seems to be strongly trades between 4825-4875 in narrow perspective and in broad perspective it seems to be vary between 4765-4915.
TREND – BEARISH.

SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 4825   Support 2: 4765
Resistance 1:4875    Resistance 2: 4915

BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 8470-8710 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: 8470 Support 2: 8350
Resistance 1: 8710 Resistance 2: 8880











3 comments:

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