Monday, January 2, 2012

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK :3RD JANUARY 2012



STOCK MARKET REVIEW: 2nd january 2012
The first trading session on Dalal Street finished on a positive note, kicking off the new year in green territory after clocking hefty losses last year. One should bear in mind the fact that the advance today came on light trading volumes as many participants were enjoying extended new year holidays. The depth was also missing due to lower participation in the equity markets. 

BSE Sensex ended at 15,517, up 63 points or 0.4% over the previous close. It had earlier touched a day’s high of 15,542 and a day’s low of 15,358. It had opened at 15,534. NSE Nifty closed at 4,636, up 12 points or ~0.3% over the previous close. It earlier touched a day’s high of 4,645 and a day’s low of 4,588. It had opened at 4,640.
The BSE Mid-Cap index was almost unchanged and the BSE Small-Cap index ended slightly higher, up 0.11%.
CNX MIDCAP 50 index was up 0.67% and S&P CNX 500 was up 0.13%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:
Events that could dictate the direction of the markets this month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. The new rule from the central bank and stock market regulator is expected to take effect by Jan. 15, the Government said in a statement. Currently, individual investors can only invest in Indian shares through so-called participatory notes. 

Today’s Nifty Top gainers were:
COAL INDIA changed 3.8%.With volume 1,336,735
TATA MOTORS with volume 7,850,303 and changed 2.9%
R.COMM changed 2.9% with volume of 2,524,892

Today’s Nifty Top losers were:
BAJAJ AUTO volume 6,696,9151and changed [7.3] %
SESA GOA with volume 4,408,331and changed [3.9] %
HERO MOTOCOP with volume 3,731,427and changed [3.5] %

TECHNICAL CALLS FOR TODAY: 3rd JANUARY 2012
COAL INDIA
COAL INDIA Support and resistance levels for the next trading session are:
Resistance 1-310
Resistance 2-305
Support 1- 317
Support 2- 321

GRAVITA
GRAVITA is expected to vary between the following levels:
Resistance 1-396
Resistance 2-394
Support 1-406
Support 2-412

R.COMM
R.COMM Expected resistance and support levels for the next trading session are:
Resistance 1-44.15
Resistance 2-46.25
Support 1-41.10
Support 2-39.75

NIFTY OUTLOOK FOR TODAY 3rd JANUARY 2012

NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4585
Support 2: 4530
RESISTANCE LEVELS
Resistance 1: 4685
Resistance 2: 4735

BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS
SUPPORT LEVELS
Support 1: 7910
Support 2: 7820
RESISTANCE LEVELS 
Resistance 1: 8115
Resistance 2: 8205 

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