STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 3RD DECEMBER 2011

STOCK MARKET REVIEW: 2^nd DECEMBER 2011
 CNX Midcap index was UP today: 2^nd DECEMBER 2011, 1.67% about and S&P CNX 500 gained about 2.15% while BSE small cap index GAINED at 1.08% and Midcap GAINED at 1.43% respectively.

The BSE Sensex ended at 16846.83 gaining 363.83 points. The NSE Nifty closed at 5050.15 gaining 113.30 points.

GLOBAL MARKET AGAIN MOVED THE MARKET SO HIGH THAT NO ONE WAS EXPECTING. EUROPE AGAIN CAME INTO THE NEWS IN WHICH MEETING IS GOING TO GET ON SATURDAY REGARDING THE CRISIS. SBI IS ALREADY BEEN GIVEN THE RECAPITALIZATION. HEAVY WEIGHTS MOVED THE MARKET AND IT PULLED THE MARKET TO ALMOST 2.30% POSITIVE.

Stock market is more likely to expect bullish.

Today’s Nifty Top gainers were:

AMBUJA with volume and changes 297,009,481.85and 7.9 %

BPCL with volume and changes 267,254,375.95and 6.0%

TATA POWER with volume and changes 279,692,814.85and 5.0%

Today’s Nifty Top losers were:

HEROMOTOCORP with volume and changes 966,691,664.30and [0.4] %

RANBAXY with volume and changes 3,301,819,398.40and [0.6] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 4900-5100.

TECHNICAL CALLS FOR TODAY: 5^th DECEMBER  2011

AMBUJA CEMENT

AMBUJA closed today’s session at 160.60. Support and resistance levels for the share for the next trading session are:

Resistance 1-163

Resistance 2- 166

Support 1- 157

Support 2-154

TCS

TCS has seen trading within the range of 1178. Expected levels for this script are as follow:

Resistance 1-1186

Resistance 2- 1200

Support 1- 128

Support 2-125

TITAN

TITAN closed trading at 191.45 Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-193

Resistance 2- 197

Support 1- 187

Support 2-184

NIFTY OUTLOOK FOR TODAY 5th DECEMBER 2011

 NIFTY SPOT LEVEL
The Nifty Index opened at 4980.45 and finally closed at 5050.15 rallying UP 113.30 points (2.29%) The Nifty high and low of the day were 5062.25 and 4918.40 respectively.

The Nifty Futures made an UPTREND of 130.05 points and finally settled at 5093.40. The 30-share BSE Sensex was trading at 16846.83 UP 363.85 points.

Market seems to be strongly trades between 5020-5085 in narrow perspective and in broad perspective it seems to be vary between 4975-5130.

TREND – BULLISH.

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

Support 1: 5020   Support 2: 4975

Resistance 1:5085    Resistance 2: 5130

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly a trade between 9100-9350 in narrow perspective and in broad perspective it seems to be vary between 8950-9470.

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

Support 1: 9100 Support 2: 8950

Resistance 1: 9350 Resistance 2: 9470