Thursday, January 12, 2012

STOCK MARKET CALLS | ANALYSIS |NIFTY OUTLOOK : 13 JANUARY 2012

STOCK MARKET REVIEW: 12THJANUARY 2012
The key Indian equity indices glided lower on Thursday after enjoying a rally on Tuesday and consolidating in the previous trading session. Today Infosys' Q3 results and guidance failed to bring a smile on investors' faces. Index bellwethers RIL and L&T also contributed to the fall even as Banking, Power and Metal shares managed to advance. 

SENSEX ended at 16,037, down 138 points from the last close. It earlier touched a day's high of 16,178 after opening at a day's low of 16,117. Nifty settled at 4,831, down 30 points. It hit a day’s high of 4,869 and day’s low of 4,803.

The BSE Mid-Cap index gained 0.26% while the BSE Small-Cap index was up around 0.15%.CNX MIDCAP 50 index was up 0.54% and S&P CNX 500 was up 0.67%.

THINGS TO KEEP AN EYE ON FOR TOMORROW SESSION:
Strong IIP numbers for November and soft food inflation data have raised expectations of a reversal in the RBI's hawkish stance. More important will be the inflation report for December, which is due on Monday. The impending monetary easing may not materialise at the Jan. 24 meeting, but the same is definitely on the cards sooner or later. The bond market has probably already discounted the fact that interest rates have peaked out with the yield on teh benchmark 10-year government paper falling to a five-month low

Today’s Nifty Top gainers were:
  • SESA GOA changed 5.2% with 15,398,000 volumes
  • IDFC changed 3.6% with 3,733,000 volumes
  • JP ASSOCIATES changed 3.2% with 3,106,000 volumes
Today’s Nifty Top losers were:
  • INFOSYS with volume 58,000 and changed -8.4%
  • TCS with volume 2,838,000 and changed -4.2%
  • WIPRO with volume 1,750,000 and changed -2.5%
TECHNICAL CALLS FOR TODAY: 13TH JANUARY 2012

GRASIM
GRASIM ended yesterday’s market session at 2457. Support and resistance levels for the next trading session are:
Resistance 1-2466
Resistance 2-2478
Support 1- 2445
Support 2- 2434

IDFC
IDFC  is expected to vary between the following levels:
Resistance 1-110
Resistance 2-112
Support 1-107
Support 2-105

TATA POWER
TATA POWER Expected resistance and support levels for the next trading session are:
Resistance 1-98
Resistance 2-103
Support 1-91
Support 2-87

NIFTY OUTLOOK FOR TODAY 13TH JANUARY 2012

NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4780
Support 2: 4735
RESISTANCE LEVELS
Resistance 1: 4885
Resistance 2: 4940

BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS
Support 1: 8865
Support 2: 8755
RESISTANCE LEVELS 
Resistance 1: 9075
Resistance 2: 9185

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