Tuesday, December 27, 2011

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 28 DECEMBER 2011

STOCK MARKET REVIEW: 27THDECEMBER 2011
The upside down ride of the Indian market continued as MPs cutting remark in Parliament on the New Lokpal Bill and Anna Hazare kicked off his three-day stir. Traded volumes remained light, notwithstanding the fact that the F&O expiry is just two days away.
BSE SENSEX closed at 15,873, down 97 points or 0.6% from the last close. It touched a day’s high of 16,049 and a low of 15,799 after opening at 15,983. NSE NIFTY shut shop at 4,750, down 28 points or 0.6% over the previous close.
CNX MIDCAP index was down -0.75% and S&P CNX 500 was down -0.64%.
The BSE Small-Cap index and the BSE Mid-Cap index fell by 0.35% and 0.7%, respectively. 
THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:
Futures contract expiry is just two days away, still market is looking not so flooded due to holidays very few market are opened .For November IIP data, which is expected to be better, one will have to wait till January 12. The latest WPI inflation report will also be very important ahead of the RBI policy meeting in late January.
Today’s Nifty Top gainers were:
RCOM changed 4.9%.With volume 10,190,965
TATA POWER with volume 3,002,509and changed 2.4%
RANBAXY changed 2.3% with volume of 859,591
Today’s Nifty Top losers were:
IDFC volume 622,155and changed [3.3] %
AXIS with volume 883,599and changed [3.1] %
DLF with volume 649,455 and changed [2.7] %

TECHNICAL CALLS FOR TODAY: 28th DECEMBER 2011
RAYMOND
RAYMOND Support and resistance levels for the next trading session are:
Resistance 1-329
Resistance 2-335
Support 1- 322
Support 2- 316
INOX
INOX is Expected to vary between the following levels :
Resistance 1-45.50
Resistance 2-47.10
Support 1-41.20
Support 2-38.00
RCOM Expected resistance and support levels for the next trading session are:
Resistance 1-74.40
Resistance 2-76.00
Support 1-69.00
Support 2-65.45

NIFTY OUTLOOK FOR TODAY 28thDECEMBER 2011

NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4700
Support 2: 4645
RESISTANCE LEVELS
Resistance 1: 4795
Resistance 2: 4850

BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly trade between 8290-8485 in narrow perspective and in broad perspective it seems to be varying between 8175-8595.
TREND- BEARISH

SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS
Support 1: 8170
Support 2: 8080
RESISTANCE LEVELS 
Resistance 1: 8375
Resistance 2: 8480

2 comments:

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