Tuesday, December 20, 2011

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 21 DECEMBER 2011

STOCK MARKET REVIEW: 20THDECEMBER 2011
It was yet another roller-coaster ride for the Indian stock markets, with the main indices closing near session lows on the back of another wave of late selling. Now losing strip of the Indian indices extended to three straight losing trading sessions
The BSE Sensex ended at 15,175, down 204 points. It had earlier touched a day's high of 15,448 and a day's low of 15,135. It opened at 15,436. The NSE Nifty closed at 4,544, down 69 points.
CNX MIDCAP index was down -2.15% and S&P CNX 500 lost around -1.66%.
The BSE Mid-Cap index and the BSE Small-Cap index fell -1.8% and -1.5%, respectively.
THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:
Inflation data coming for the previous week which is coming on Thursday will be the event to play on sentiment especially after the RBI policy. Apart from this there will be political drama which was kept in the backburner will have its part to play on the market stage.
Stock market is expected to remain on bearish trend.
Today’s Nifty Top gainers were:
RANBAXY changed 3.24 %.With volume 1046555
ONGC changed 2.39 % with volume of 2541824
HDFC BANK with volume 4995892 and changed 2.32%
Today’s Nifty Top losers were:
JPASSOCIATE with volume 27988968 and changed [8.23] %
HEROMOTOCO with volume 626765 and changed [6.19] %
LT with volume 5491598 and changed [5.90] %

TECHNICAL CALLS FOR TODAY: 21ST DECEMBER 2011
TATA STEEL
TATA STEEL closed today’s session at 342. Support and resistance levels for the share for the next trading session are:
Resistance 1-344
Resistance 2-347
Support 1- 339
Support 2- 335
TATA MOTORS
TATA MOTORS has seen trading within the range of 174. Expected levels for this script are as follow:
Resistance 1-176
Resistance 2- 179
Support 1- 172
Support 2-167
HUL
HUL closed trading at 396 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-399
Resistance 2-342
Support 1- 392
Support 2-387
NIFTY OUTLOOK FOR TODAY 21ST DECEMBER 2011
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4500
Support 2: 4435
RESISTANCE LEVELS
Resistance 1: 4595
Resistance 2: 4650

BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly trade between 8350-8575 in narrow perspective and in broad perspective it seems to be varying between 8265-8720.
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS 7821
Support 1: 7720
Support 2: 7635
RESISTANCE LEVELS 
Resistance 1: 7925
Resistance 2: 8015

1 comments:

lijia said...

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