STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK :2ND JANUARY 2012

STOCK MARKET REVIEW: 30^THDECEMBER 2011

On the last market session of the year market took bullish breath, it was just when the traders put that down that market will stay firm in green zone, market retreated from day’s high and closed in red zone.

BSE SENSEX could not hold it even above 15500 mark after closing below 15600 mark yesterday. It closed the lid today at 15454 down 89 points. And NSE NIFTY put the lid down 21 points at 4626.

The BSE SMALL-CAP index was up 0.09 and the BSE MIDCAP index was up 0.35% apiece.

CNX MIDCAP index was up 0.55% and S&P CNX 500 was down -0.27%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Events that could dictate the direction of the markets next month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. 

Today’s Nifty Top gainers were:

CAIRN INDIA changed 3.3%.With volume 1,336,735

R.COMM with volume 7,850,303 and changed 2.9%

SESA GOA changed 2.2% with volume of 2,524,892

Today’s Nifty Top losers were:

KOTAK volume 6,696,9151and changed [3.5] %

IDFC with volume 4,408,331and changed [3.3] %

RELIANCE INDUS with volume 3,731,427and changed [2.7] %

TECHNICAL CALLS FOR TODAY: 2^ND JANUARY 2012

SESA GOA

SESA GOA Support and resistance levels for the next trading session are:

Resistance 1-165

Resistance 2-167

Support 1- 162

Support 2- 159

RAYMOND

RAYMOND is expected to vary between the following levels:

Resistance 1-313

Resistance 2-311

Support 1-307

Support 2-305

HIND COPPER

HIND COPPER Expected resistance and support levels for the next trading session are:

Resistance 1-188

Resistance 2-190

Support 1-184

Support 2-182

NIFTY OUTLOOK FOR TODAY 2^ND JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4575

Support 2: 4530

RESISTANCE LEVELS

Resistance 1: 4680

Resistance 2: 4725

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 7855

Support 2: 7745

RESISTANCE LEVELS 

Resistance 1: 8045

Resistance 2: 8150 

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 30 DECEMBER 2011

STOCK MARKET REVIEW: 29^THDECEMBER 2011

Today was the dooms day for the Indian market as both main Indian indices dipped in red. NIFTY closed at 4646, 59 points down and SENSEX closed at 15543 208 points down.

Food inflation declined to 0.42% in the week ended December 17 from 1.81% in the preceding week, Inflation in the Primary Articles group fell to 2.70% in the week under review, from 3.78% in the week ended December 10 And Inflation in the Fuel & Power group stood at 14.37% in the week ended December 11, from 15.24% in the previous week, the Government data showed. It was at 11.85% in the comparable week of the previous year.

The BSE SMALL-CAP index was down -0.69 and the BSE MIDCAP index was down -0.35% apiece.

CNX MIDCAP index was down -0.82% and S&P CNX 500 was down -1.00%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Events that could dictate the direction of the markets next month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. 

Today’s Nifty Top gainers were:

GRASIM changed 2.3%.With volume 191,408

JINDAL STEEL with volume 3,204,742 and changed 1.8%

SBI changed 1.2% with volume of 5,649,736

Today’s Nifty Top losers were:

R.COM volume 6,696,9151and changed [5.3] %

BHEL with volume 4,408,331and changed [4.4] %

RELIANCE INFRA with volume 3,731,427and changed [4.0] %

TECHNICAL CALLS FOR TODAY: 30^th DECEMBER 2011

SESA GOA

SESA GOA Support and resistance levels for the next trading session are:

Resistance 1-161

Resistance 2-163

Support 1- 157

Support 2- 155

ANJANEYA

ANJANEYA is expected to vary between the following levels:

Resistance 1-505

Resistance 2-509

Support 1-497

Support 2-493

3IINFOTECH

3IINFOTECH Expected resistance and support levels for the next trading session are:

Resistance 1-14.20

Resistance 2-13.50

Support 1-61.10.80

Support 2-9.10

NIFTY OUTLOOK FOR TODAY 30^thDECEMBER 2011

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4600

Support 2: 4550

RESISTANCE LEVELS

Resistance 1: 4695

Resistance 2: 4755

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 7925

Support 2: 7830

RESISTANCE LEVELS 

Resistance 1: 8130

Resistance 2: 8245 

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 29 DECEMBER 2011

STOCK MARKET REVIEW: 28^THDECEMBER 2011

The middle sideways consolidation pattern persisted even today with the main equity indices closing lower for the second day. The markets opened on a sluggish note and failed to recover from then on, hitting session lows in the afternoon.

NSE Nifty managed to keep its head above the 4700 mark after dipping under it in intraday trade. The NSE Nifty closed at 4,705, down 45 points over the previous close.  The BSE Sensex ended at 15,727, down 146 points over the previous close. It had earlier touched a day’s high of 15,887 and a day’s low of 15,666. It had opened at 15,854.

The BSE SMALL-CAP index and the BSE MIDCAP index were down 1% apiece.

CNX MIDCAP index was down -0.98% and S&P CNX 500 was down -0.98%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Events that could dictate the direction of the markets next month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. 

Today’s Nifty Top gainers were:

NTPC changed 2.8%.With volume 2,118,610

BHEL with volume 3,204,742 and changed 2.6%

TATA POWER changed 1.6% with volume of 5,649,736

Today’s Nifty Top losers were:

JINDAL STEEL volume 4,667,061and changed [7.1] %

PNB with volume 412,914and changed [4.2] %

ICICI with volume 3,731,427and changed [4.0] %

TECHNICAL CALLS FOR TODAY: 29^th DECEMBER 2011

RAYMOND

RAYMOND Support and resistance levels for the next trading session are:

Resistance 1-309

Resistance 2-315

Support 1- 300

Support 2- 296

JINDAL STEEL

JINDAL is expected to vary between the following levels:

Resistance 1-464.50

Resistance 2-471.10

Support 1-450.20

Support 2-445.00

SINTEX

SINTEX Expected resistance and support levels for the next trading session are:

Resistance 1-64.40

Resistance 2-66.00

Support 1-61.65

Support 2-59.45

NIFTY OUTLOOK FOR TODAY 29^thDECEMBER 2011

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4655

Support 2: 4595

RESISTANCE LEVELS

Resistance 1: 4765

Resistance 2: 4805

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8005

Support 2: 7905

RESISTANCE LEVELS 

Resistance 1: 8205

Resistance 2: 8315 

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 28 DECEMBER 2011

STOCK MARKET REVIEW: 27^THDECEMBER 2011

The upside down ride of the Indian market continued as MPs cutting remark in Parliament on the New Lokpal Bill and Anna Hazare kicked off his three-day stir. Traded volumes remained light, notwithstanding the fact that the F&O expiry is just two days away.

BSE SENSEX closed at 15,873, down 97 points or 0.6% from the last close. It touched a day’s high of 16,049 and a low of 15,799 after opening at 15,983. NSE NIFTY shut shop at 4,750, down 28 points or 0.6% over the previous close.

CNX MIDCAP index was down -0.75% and S&P CNX 500 was down -0.64%.

The BSE Small-Cap index and the BSE Mid-Cap index fell by 0.35% and 0.7%, respectively. 

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Futures contract expiry is just two days away, still market is looking not so flooded due to holidays very few market are opened .For November IIP data, which is expected to be better, one will have to wait till January 12. The latest WPI inflation report will also be very important ahead of the RBI policy meeting in late January.

Today’s Nifty Top gainers were:

RCOM changed 4.9%.With volume 10,190,965

TATA POWER with volume 3,002,509and changed 2.4%

RANBAXY changed 2.3% with volume of 859,591

Today’s Nifty Top losers were:

IDFC volume 622,155and changed [3.3] %

AXIS with volume 883,599and changed [3.1] %

DLF with volume 649,455 and changed [2.7] %

TECHNICAL CALLS FOR TODAY: 28^th DECEMBER 2011

RAYMOND

RAYMOND Support and resistance levels for the next trading session are:

Resistance 1-329

Resistance 2-335

Support 1- 322

Support 2- 316

INOX

INOX is Expected to vary between the following levels :

Resistance 1-45.50

Resistance 2-47.10

Support 1-41.20

Support 2-38.00

RCOM Expected resistance and support levels for the next trading session are:

Resistance 1-74.40

Resistance 2-76.00

Support 1-69.00

Support 2-65.45

NIFTY OUTLOOK FOR TODAY 28^thDECEMBER 2011

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4700

Support 2: 4645

RESISTANCE LEVELS

Resistance 1: 4795

Resistance 2: 4850

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trade between 8290-8485 in narrow perspective and in broad perspective it seems to be varying between 8175-8595.

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8170

Support 2: 8080

RESISTANCE LEVELS 

Resistance 1: 8375

Resistance 2: 8480

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 27 DECEMBER 2011

STOCK MARKET REVIEW: 26^THDECEMBER 2011

After a breather on Friday, the Indian market resumed its up-trend on Monday, kicking off the last trading week of the year on a positive note. But, trading volumes were light due to year-end Christmas holidays.

The BSE SENSEX ended at 15,970, up 232 points or 1.5% over the previous close. It had earlier touched a day’s high of 15,998 and a day’s low of 15,761. It opened at 15,782. NSE Nifty closed at 4,779, up 65 points or 1.4% over the previous close. It earlier touched a day’s high of 4,787.
CNX MIDCAP index was up 0.77% and S&P CNX 500 was up 1.18%.

The BSE Small-Cap index and the BSE Mid-Cap index were up 1% and 0.8%, respectively.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

The Lokpal logjam will certainly grab markets’ attention this week. The Parliament will also hold a three-day session to debate the New Lokpal Bill. Corporate earnings and the RBI policy meet are the key events next month. February is a big month with seven-phase election scheduled in Uttar Pradesh. The Union Budget may be deferred to March, according to media reports. There is no official confirmation of the same from the Finance Ministry as yet.

Today’s Nifty Top gainers were:

BHARTI AIRTEL changed 4.3%.With volume 3,666,822

HERO MOTOCORP with volume 368,195 and changed 3.9%

R.COMM changed 3.5% with volume of 5,149,765

Today’s Nifty Top losers were:

BPCL volume 622,155and changed [1.1] %

RANBAXY with volume 883,599and changed [1.1] %

AXIS with volume 649,455 and changed [0.9] %

TECHNICAL CALLS FOR TODAY: 27 ^th DECEMBER 2011

WIPRO

WIPRO Support and resistance levels for the next trading session are:

Resistance 1-409

Resistance 2-416

Support 1- 398

Support 2- 391

AXIS BANK

AXIS BANK is Expected to vary between the following levels :

Resistance 1-889

Resistance 2-896

Support 1- 876

Support 2- 869

BHEL

BHEL Expected resistance and support levels for the next trading session are:

Resistance 1-245

Resistance 2-250

Support 1-236

Support 2-231

NIFTY OUTLOOK FOR TODAY 27^thDECEMBER 2011

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4730

Support 2: 4690

RESISTANCE LEVELS

Resistance 1: 4830

Resistance 2: 4870

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trade between 8290-8485 in narrow perspective and in broad perspective it seems to be varying between 8175-8595.

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8290

Support 2: 8080

RESISTANCE LEVELS 

Resistance 1: 8500

Resistance 2: 8655

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 26TH DECEMBER 2011

STOCK MARKET REVIEW: 23^rdDECEMBER 2011

Indian stock indices have slipped in the afternoon trade after hitting day's high in early morning trade, as European indices have erased some of their gains after a higher opening. In this way the week ended in the red zone signaling the bad start of last week of the year 2011.

BSE SENSEX was 15,747, down 65 points over the previous close. It had earlier touched a day’s high of 15,911 and a day’s low of 15,711. It opened at 15,863.
NSE NIFTY was quoting 4,712, down 21 points over the previous close.

CNX MIDCAP index was down -.34% and S&P CNX 500 lost around -0.38%.

The BSE Small-Cap index was up 1%. and the BSE Mid-Cap index was up around 0.07%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Coming week will be the important week as it is the last week of the year and last week of the third quarter.

Stock market is expected to remain on bearish trend.

Today’s Nifty Top gainers were:

WIPRO changed 2.1%.With volume 1,150,850

BHEL with volume 3,485,309 and changed 2.1%

GRASIM changed 1.9% with volume of 64,047

Today’s Nifty Top losers were:

RANBAXY volume 744,828 and changed [3.2] %

NTPC with volume 2,309,417 and changed [3.1] %

BPCL with volume 649,455 and changed [2.9] %

TECHNICAL CALLS FOR TODAY: 26^th DECEMBER 2011

WIPRO

WIPRO closed today’s session at 406. Support and resistance levels for the share for the next trading session are:

Resistance 1-409

Resistance 2-416

Support 1- 398

Support 2- 391

AXIS BANK

AXIS BANK has closed at 880.30. Expected levels for this script are as follow:

Resistance 1-889

Resistance 2-896

Support 1- 876

Support 2- 869

BHEL

BHEL closed trading at 241 Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-245

Resistance 2-250

Support 1-236

Support 2-231 

NIFTY OUTLOOK FOR TODAY 26th DECEMBER 2011

NIFTY SPOT LEVEL 

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4660

Support 2: 4610

RESISTANCE LEVELS

Resistance 1: 4765

Resistance 2: 4820

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trade between 8290-8485 in narrow perspective and in broad perspective it seems to be varying between 8175-8595.

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8205

Support 2: 8110

RESISTANCE LEVELS 

Resistance 1: 8410

Resistance 2: 8525

STOCK MARKET CALLS | ANALYSIS | CALLS : 23 DECEMBER 2011

STOCK MARKET REVIEW: 22^ndDECEMBER 2011

INDIAN MARKETS managed to finish higher for the second successive session after food inflation dropped to a four-year low and the Government was considering new measures to try and narrow the budget deficit. Sentiment also improved in part after the Government introduced the controversial New Lokpal Bill in parliament and kicked off a debate on the politically sensitive issue. A strong rally across European markets also helped prop up the sentiment in the Indian markets.

BSE SENSEX ended at 15,813, up 128 points or 0.8% over the previous close. It had earlier touched a day’s high of 15,834 and a day’s low of 15,472.

The NSE NIFTY closed at 4,733, up 40 points over the last close. It has earlier touched a day’s high of 4,740 and a day’s low of 4,632.

CNX MIDCAP index was up 1.42% and S&P CNX 500 gained around 0.95%.

The BSE Small-Cap and the BSE Mid-Cap index were up -0.7% each. 

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Inflation data boosted the Indian investor’s spirit today as it came at the 4years low. With this the investors’ eyes are still on upcoming UP elections and the Union Budget next year. One has to see whether UPA II gathers enough courage to implement important economic reforms. Corporate earnings for the third quarter, is another main event to watch, which will come in February next quarter.

Stock market is expected to remain on bearish trend.

Today’s Nifty Top gainers were:

DLF changed 4.9%.With volume 6,423,633

PNB with volume 466,246and changed 4.1%

TATA MOTORS changed 3.7% with volume of 12,323, 905

Today’s Nifty Top losers were:

WIPRO LTD with volume 1,846,641and changed [2.4] %

BHARTI AIRTELL with volume 5,911,454and changed [1.8] %

CAIRN INDIA with volume 1,317,791and changed [1.4] %

TECHNICAL CALLS FOR TODAY: 23rd DECEMBER 2011

ASHOKLEYLAND

ASHOKLEYLAND closed today’s session at 23.60. Support and resistance levels for the share for the next trading session are:

Resistance 1-25.20

Resistance 2-27.80

Support 1- 22.45

Support 2- 20.25

PUNJLLOYD

 PUNJLLOYD has seen trading within the range of 39.80. Expected levels for this script are as follow:

Resistance 1-41

Resistance 2-43

Support 1- 37

Support 2-35

JSW ISPAT

JSW ISPAT closed trading at 10 Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-10.95

Resistance 2-12.00

Support 1-9.85

Support 2-6.45

 NIFTY OUTLOOK FOR TODAY 23^rd DECEMBER 2011

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4680

Support 2: 4625

RESISTANCE LEVELS

Resistance 1: 4785

Resistance 2: 4840

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trade between 8290-8485 in narrow perspective and in broad perspective it seems to be varying between 8175-8595.

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8290

Support 2: 8175

RESISTANCE LEVELS 

Resistance 1: 8485

Resistance 2: 8595