Monday, January 30, 2012

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 31 JAN 2012

STOCK MARKET REVIEW: 30THJANUARY 2012
The market today had a downward movement lead by the capital goods and the petroleum stocks. The market was skeptical about the outcome of the talks going on in Greece and profit booking near technically important levels lead market down.
BSE Sensex ended at 16,863 down 370.68 points or -2.15% from the last close. It earlier touched a day's high of 17,138 and day’s low of 16,828.  NSE NIFTY closed at 5,087 down 117.40 points. The index hit an intra-day high of 5,166 and an intra-day low of 5,076.
The BSE Mid-Cap index lost 1.96% while the BSE Small-Cap index was down 1.82%.CNX MIDCAP 50 index lost 2.57% and S&P CNX 500 was down 2.19%.
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
SUNPHARMA changed 1.48%.With volume 1,531,000
RANBAXY changed 1.18% with volume 1,149,000 and
BAJAJ-AUTO changed 0.80% with volume of 441,000.
Nifty Losers
BHEL changed -6.82% volumes 5,399,000
STER changed -7.00% with volume 7,751,000
SESAGOA changed -11.33% with volume 20,869,000
NIFTY OUTLOOK FOR TODAY 31st JANUARY 2012
NIFTY SPOT LEVEL
TREND – sideways
SUPPORT AND RESISTANCE:
SUPPORT LEVELS
Support 1: 5050
Support 2: 4980
RESISTANCE LEVELS
Resistance 1: 5175        
Resistance 2: 5220
BANK NIFTY FUTURES
TREND- sideways
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
 SUPPORT LEVELS
Support 1: 9530
Support 2: 9330
RESISTANCE LEVELS 
Resistance 1:10090
Resistance 2: 10320
STOCK CASH PICKS FOR TOMORROW
UNION BANK
SUPPORT 1: 190
SUPPORT 2 : 180
RESISTANCE 1:  228
RESISTANCE 2: 245.
TATASTEEL
SUPPORT 1:429
SUPPORT 2: 422
RESISTANCE 1: 443,
RESISTANCE 2: 448.

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