Thursday, December 29, 2011

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 30 DECEMBER 2011


STOCK MARKET REVIEW: 29THDECEMBER 2011
Today was the dooms day for the Indian market as both main Indian indices dipped in red. NIFTY closed at 4646, 59 points down and SENSEX closed at 15543 208 points down.
Food inflation declined to 0.42% in the week ended December 17 from 1.81% in the preceding week, Inflation in the Primary Articles group fell to 2.70% in the week under review, from 3.78% in the week ended December 10 And Inflation in the Fuel & Power group stood at 14.37% in the week ended December 11, from 15.24% in the previous week, the Government data showed. It was at 11.85% in the comparable week of the previous year.
The BSE SMALL-CAP index was down -0.69 and the BSE MIDCAP index was down -0.35% apiece.
CNX MIDCAP index was down -0.82% and S&P CNX 500 was down -1.00%.
THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:
Events that could dictate the direction of the markets next month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. 

Today’s Nifty Top gainers were:
GRASIM changed 2.3%.With volume 191,408
JINDAL STEEL with volume 3,204,742 and changed 1.8%
SBI changed 1.2% with volume of 5,649,736

Today’s Nifty Top losers were:
R.COM volume 6,696,9151and changed [5.3] %
BHEL with volume 4,408,331and changed [4.4] %
RELIANCE INFRA with volume 3,731,427and changed [4.0] %

TECHNICAL CALLS FOR TODAY: 30th DECEMBER 2011

SESA GOA
SESA GOA Support and resistance levels for the next trading session are:
Resistance 1-161
Resistance 2-163
Support 1- 157
Support 2- 155

ANJANEYA
ANJANEYA is expected to vary between the following levels:
Resistance 1-505
Resistance 2-509
Support 1-497
Support 2-493

3IINFOTECH
3IINFOTECH Expected resistance and support levels for the next trading session are:
Resistance 1-14.20
Resistance 2-13.50
Support 1-61.10.80
Support 2-9.10

NIFTY OUTLOOK FOR TODAY 30thDECEMBER 2011

NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4600
Support 2: 4550
RESISTANCE LEVELS
Resistance 1: 4695
Resistance 2: 4755

BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS
Support 1: 7925
Support 2: 7830
RESISTANCE LEVELS 
Resistance 1: 8130
Resistance 2: 8245 

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