STOCK MARKET REVIEW: 31st JANUARY 2012
The market today had a upward movement lead by the banks and the metal stocks. The market was skeptical about the outcome of the talks going on in Greece but the hope of finding a sound solution has made rupee appreciate.
BSE Sensex ended at 17,193 up 330.25 points or 1.96% from the last close. It earlier touched a day's high of 17,238 and day’s low of 16,965. NSE NIFTY closed at 5,199 up 111.95 points. The index hit an intra-day high of 5,215 and an intra-day low of 5,120.
The BSE Mid-Cap index gained 1.99% while the BSE Small-Cap index was up 1.41%.CNX MIDCAP 50 index gained 2.59% and S&P CNX 500 was down 2.18%.
THINGS TO KEEP AN EYE ON FOR TOMORROW SESSION:
The global economic scenario and the results of Indian corporate will guide the market.
Nifty Gainers
- HINDALCO changed 8.07%.With volume 11,436,000
- RCOM changed 7.31% with volume 10,445,000 and
- SESAGOA changed 7.12% with volume of 5,534,000.
Nifty Losers
- COALINDIA changed -2.31% volumes 6,397,000
- SIEMENS changed -1.86% with volume 854,000
- PNB changed -1.19% with volume 2,098,000
NIFTY SPOT LEVEL
TREND – sideways
SUPPORT AND RESISTANCE:
SUPPORT LEVELS
Support 1: 5140
Support 2: 5075
RESISTANCE LEVELS
Resistance 1: 5315
Resistance 2: 5365
BANK NIFTY FUTURES
TREND- sideways
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 2: 9520
RESISTANCE LEVELS
Resistance 1:10140
Resistance 2: 10340
CENTRAL BANK (CASH)
SUPPORT 1: 79,
SUPPORT 2: 75
RESISTANCE 1: 87,
RESISTANCE 2: 95.
CIRN INDIA (FUTURES)
SUPPORT 1: 330,S
SUPPORT 2: 320
RESISTANCE 1: 345,
RESISTANCE 2: 355.