Monday, November 14, 2011

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK

STOCK MARKET REVIEW: 14th NOVEMBER 2011
CNX Midcap index was down today: 14th November 2011, 1.12% about and S&P CNX 500 lost about 0.64% while BSE small cap index lost at 1.76% and Midcap lost at 1.60% respectively.
The BSE Sensex ended at 17118.74 losing 74.08 points. The NSE Nifty closed at 5148.35 losing 20.50 points.
Another day when Indian stock market seen upside down trend that is opened high and closed on a low node. At a moment market was seeing strong but suddenly it crumbled down and nifty lost almost 20.50 points.
Stock market is more likely to expect Bearish.

Today’s Nifty Top gainers were:
RANBAXY with volume and changes 435,077,806.15and 3.6 %
AIRTEL with volume and changes 1,328,353,481.80and 2.4%
HERO MOTOCORP with volume and changes 751,931,534.30and 1.6%

Today’s Nifty Top losers were:
RELIANCE INFRA with volume and changes 2662,579,302.00 and [7.0] %
M&M with volume and changes 2,683,675,576.30and [6.0] %
RELIANCE POWER with volume and changes 321,502,125.65and [5.9] %
Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5085-5200.

TECHNICAL CALLS FOR TODAY: 15th NOVEMBER 2011

TECH MAHINDRA
TECH MAHINDRA closed today’s session at 610.90. Support and resistance levels for the share for the next trading session are:
Resistance 1-617
Resistance 2- 625
Support 1- 602
Support 2-596

GITANJALI GEMS
GITANJALI GEMS has seen trading within the range of 351.15. Expected levels for this script are as follow:
Resistance 1-357
Resistance 2- 363
Support 1- 344
Support 2-338

RAJESH EXPORT
RAJESH EXPORT closed trading at 143.05. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-145
Resistance 2- 147
Support 1- 142
Support 2-140

NIFTY OUTLOOK FOR TODAY 15TH NOVEMBER 2011
NIFTY SPOT LEVEL
                                                                                                          
The Nifty Index opened at 5217.35 and finally closed at 5148.35 rallying down 20.50 points (0.40%) The Nifty high and low of the day were 5228.90 and 5140.55 respectively.
The Nifty Futures made a DOWNTREND of 41.75 points and finally settled at 5150. The 30-share BSE Sensex was trading at 17118.74 down 74.08 points.

Market seems to be strongly trades between 5085-5200 in narrow perspective and in broad perspective it seems to be vary between 5035-5250.
TREND  – BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5085 Support 2: 5035
Resistance 1:5200    Resistance 2: 5250

BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9165-9450 in narrow perspective and in broad perspective it seems to be vary between 9000-9600.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 9165    Support 2: 9000
Resistance 1: 9450 Resistance 2: 9600

1 comments:

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