Wednesday, December 21, 2011

STOCK MARKET CALLS | ANALYSIS |NIFTY OUTLOOK : 2ND DECEMBER 2011

STOCK MARKET REVIEW: 21stDECEMBER 2011
It was a magnificent Wednesday on DALAL STREET, as the main Indian stock indices broke a five-session losing streak on the back of a worldwide rally in risky assets. 
 The Sensex ended at 15,725, up 551 points. The Nifty closed at 4,693, up 149 points from the last close. It had earlier touched a day's high of 4,707 and a day's low of 4,601.
CNX MIDCAP index was up 1.37% and S&P CNX 500 gained around 2.73%.
All the BSE sectoral indices ended in the green. The BSE Banking index was the top gainer, up 5.3%. The BSE Oil & Gas index was up 4.2%, while the BSE Consumer Durables index rose 4.2%. The BSE Mid-Cap and the Small-Cap index added 1% each. 
THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:
Now all eyes are on Inflation data coming for the previous week which is coming tomorrow with the upcoming UP elections and the Union Budget next year. One has to see whether UPA II gathers enough courage to implement important economic reforms
Stock market is expected to remain on bearish trend.
Today’s Nifty Top gainers were:
R.COM changed 9.1%.With volume 7,819,836
TATA POWER changed 7.3% with volume of 3,963,660
HDFC BANK with volume 4,648,963 and changed 5.6%
Today’s Nifty Top losers were:
CROMPTON GREAVES with volume 1,220,498 and changed [0.6] %
IDEA with volume 4,242,023 and changed [0.5] %
CONTAINER CORP with volume 5,813 and changed [0.4] %

TECHNICAL CALLS FOR TODAY: 22nd DECEMBER 2011
R.COM
 R.COM closed today’s session at 67.95. Support and resistance levels for the share for the next trading session are:
Resistance 1-68.75
Resistance 2-71.45
Support 1- 65.45
Support 2- 63.25
SESA GOA
SESA GOA has seen trading within the range of 163.70. Expected levels for this script are as follow:
Resistance 1-166
Resistance 2- 171
Support 1- 159
Support 2-156
ICICI
ICICI closed trading at 703 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-713
Resistance 2-725
Support 1- 689
Support 2-677
NIFTY OUTLOOK FOR TODAY 22nd DECEMBER 2011

NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
SUPPORT LEVELS
Support 1: 4645
Support 2: 4595
RESISTANCE LEVELS
Resistance 1: 4750
Resistance 2: 4825

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
Support 1: 8140
Support 2: 8050
RESISTANCE LEVELS 
Resistance 1: 8350
Resistance 2: 8465

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