STOCK MARKET CALLS | ANALYSIS | REVIEW : 24TH DECEMBER 2012

STOCK MARKET REVIEW: 23rd JANUARY 2012

The frontline Indian equity benchmarks ended almost unchanged on Monday at the end of a choppy trading session as investors chose to stay quiet before Tuesday's RBI announcement on monetary policy. 

SENSEX ended at 16,751, up 12 points from the last close. It earlier touched a day's high of
16,784 and low of 16,659. NIFTY settled at 5,046, marginally down 2 points.

BSE Small-Cap index was up 0.3% while the BSE Mid-Cap index finished virtually flat. .CNX MIDCAP 50 index was up 0.12% and S&P CNX 500 was closed unchanged.

Today’s Nifty Top gainers were:

• MARUTI changed 5.75% with 2590616 volumes
• BHEL changed 2.94% with 5992359 volumes
• DLF changed 2.92% with 6479862 volumes

Today’s Nifty Top losers were:

• STERLITE with volume 8204466 and changed -6.01%
• M&M with volume 9068528 and changed -4.91%
• BHARTI AIRTEL with volume 589238 and changed -4.18%

TECHNICAL CALLS FOR TODAY: 24TH JANUARY 2012

GUJRAT FLURO CHEMICALS

Buy above 453 for target of Rs 455,457 and keep Stop Loss at 449

MARUTI FUTURES

Buy above 1175 for target of Rs 1180,1185 and keep Stop Loss  at 1165

NIFTY OUTLOOK FOR TODAY 24th JANUARY 2012

NIFTY SPOT LEVEL

TREND – BULLISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 5005

Support 2: 4955

RESISTANCE LEVELS

Resistance 1: 5095

Resistance 2: 5145

BANK NIFTY FUTURES

TREND- BULLISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 9420

Support 2: 9315

RESISTANCE LEVELS 

Resistance 1: 9635

Resistance 2: 9755