Friday, December 30, 2011

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


STOCK MARKET REVIEW: 30THDECEMBER 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: 2ND 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 2ND 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 

Thursday, December 29, 2011

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


STOCK MARKET REVIEW: 29THDECEMBER 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: 30th 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 30thDECEMBER 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 

Wednesday, December 28, 2011

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

STOCK MARKET REVIEW: 28THDECEMBER 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: 29th 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 29thDECEMBER 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 

Tuesday, December 27, 2011

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

STOCK MARKET REVIEW: 27THDECEMBER 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: 28th 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 28thDECEMBER 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

Monday, December 26, 2011

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

STOCK MARKET REVIEW: 26THDECEMBER 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 27thDECEMBER 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

Friday, December 23, 2011

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

STOCK MARKET REVIEW: 23rdDECEMBER 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: 26th 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

Thursday, December 22, 2011

STOCK MARKET CALLS | ANALYSIS | CALLS : 23 DECEMBER 2011

STOCK MARKET REVIEW: 22ndDECEMBER 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 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 23rd 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