Wednesday, December 14, 2011

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 15 DECEMBER 2011


STOCK MARKET REVIEW: 14th DECEMBER 2011
Indian markets recommenced their southbound journey as fall in November inflation was not as sharp as expected. In addition, the rupee extended its recent slip, hitting a new all-time low against the US dollar. 
Sensex put down the lid at 15,867, down 135 points or 0.85% over the last close. It touched a day’s high of 16,133 and day’s low of 15,855. The Nifty lost 0.8% to end at 4,763. It touched a day’s high of 4,839 and a day’s low of 4,750.
Market breadth was weak as Small-Cap and Mid-Cap shares slipped CNX Midcap index was down -0.69% and S&P CNX 500 lost around -0.81%. Barring FMCG, all the sectoral indices on the BSE were down today, BSE small cap index LOST around -0.81% and BSE Midcap LOST around -0.95%.Media was another space that managed to buck the negative trend. 
Tomorrow all eyes will be on the advance tax data which may give the clue on third quarter’s corporate earnings. Monetary policy review which is due on 16th December 2011 is another important event to keep an eye on.
Stock market is expected to remain on bearish trend.
Today’s Nifty Top gainers were:
SUN PHARMA changed 1.8 %.With volume 1,588,739
ITC changed 1.3% with volume of 10,786,330
BHARTI AIRTELL with volume 5,326,642and changed 0.9%.
Today’s Nifty Top losers were:
BPCL with volume 847,585and changed [4.9] %
TATA STEEL with volume 5,505,860 and changed [4.3] %.
TATA POWER with volume 3,297,306 and changed [4.1] %.

Nifty is expected to follow down trend in a long term. It seems to be varying between 4700-5000.
TECHNICAL CALLS FOR TODAY: 15TH DECEMBER 2011
TTK PRESTIGE
TTK PRESTIGE closed today’s session at 422.95. Support and resistance levels for the share for the next trading session are:
Resistance 1-432
Resistance 2-443
Support 1- 416
Support 2- 407
SUNPHARMA
SUNPHARMA has seen trading within the range of 521. Expected levels for this script are as follow:
Resistance 1-531
Resistance 2- 539
Support 1- 515
Support 2-508
ITC
ITC closed trading at 199.85 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-205
Resistance 2-210
Support 1- 195
Support 2-189
NIFTY OUTLOOK FOR TODAY 15TH DECEMBER 2011
NIFTY SPOT LEVEL
Market seems to be strongly trade between 4705-4815 in narrow perspective and in broad perspective it seems to be vary between 4645-4875.
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4705
Support 2: 4645
RESISTANCE LEVELS
Resistance 1: 4815
Resistance 2: 4875

BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly trade between 8455-8720 in narrow perspective and in broad perspective it seems to be varying between 8825-8350.
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS
Support 1: 8455
Support 2: 8350
RESISTANCE LEVELS 
Resistance 1: 8720
Resistance 2: 8825 

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