STOCK MARKET REVIEW: 18THJANUARY 2012
It was a cautious start to the week for the Indian stocks, as the benchmark indices ended almost unchanged. The equity benchmarks managed to
coped quite well with Standard & Poor's mass sovereign downgrades in Europe as inflation fell to a two-year low -7.5% in December and India's exports surging by 26% during April-December 2011 and could hit US$300bn for the full fiscal year.
SENSEX ended at 16,189, up 34 points from the last close. It earlier touched a day's high of 16,257 after opening at a day's low of 16,049. The NIFTY settled at 4,874, up 8 points. It hit a day’s high of 4,880 and day’s low of 4,827.
The Small-Cap index rose 0.3% while the Mid-Cap index remained unchanged.CNX MIDCAP 50 index was up 0.03% and S&P CNX 500 was up 0.16%.
Nifyt Gainers
BHEL changed 3.8% with 15,398,000 volumes.
MARUTI changed 3.2% with 3,733,000 volumes.
STERLITE changed 2.7% with 3,106,000 volumes.
Today’s Nifty Top losers were:
R.POWER with volume 58,000 and changed -2.9%.
NTPC with volume 58,000 and changed -2.6%.
RELIANCE INDUS. with volume 2,838,000 and changed -2.6%.
ADANI ENTERPRICES
ADANI ENTERPRICES ended yesterday’s market session at 356.50. Support and resistance levels for the next trading session are:
Resistance 1-361
Resistance 2-367
Support 1- 352
Support 2- 349
IDBI is expected to vary between the following levels:
Resistance 1-94
Resistance 2-96
Support 1-87
Support 2-85
MPHASIS
MPHASIS Expected resistance and support levels for the next trading session are:
Resistance 1-356
Resistance 2-349
Support 1-341
Support 2-335
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4825
Support 2: 4775
RESISTANCE LEVELS
Resistance 1: 4935
Resistance 2: 4985
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