STOCK MARKET REVIEW: 2nd DECEMBER 2011
CNX Midcap index was UP today: 2nd 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: 5th 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 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
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