Friday, February 3, 2012

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

STOCK MARKET REVIEW: 3RD FEBRUARY 2012
The market today had a upward movement lead by the real estate, pharmaceutical and FMCG ctocks.

BSE Sensex ended at 17,604 up 173.11 points or 0.99 % from the last close. It earlier touched a day's high of 17,630 and day’s low of 17,382.  NSE NIFTY closed at 5,325 up 55.95 points. The index hit an intra-day high of 5,334 and an intra-day low of 5,255.
The BSE Mid-Cap index gained 1.28% while the BSE Small-Cap index was up 1.17%.CNX MIDCAP 50 index gained 1.36% and S&P CNX 500 was up 1.01%.

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

Today’s nifty top gainer were
  • IDFC changed 5.44 %.With volume 11,525,000
  • GRASIM changed 3.44 % with volume 197,000 and
  • HUL changed 2.89 % with volume of 3,662,000.
Nifty Losers

Today’s nifty top losers were
  • HINDALCO changed -3.54% volumes 10,360,000
  • RCOM changed -3.41% with volume 22,010,000
  • JINDAL STEEL changed -3.07% with volume 1,844,000
NIFTY OUTLOOK FOR TODAY 6TH FEBRUARY 2012
NIFTY SPOT LEVEL
TREND – moderately positive
SUPPORT AND RESISTANCE:
SUPPORT LEVELS
Support 1: 5245
Support 2: 5210
RESISTANCE LEVELS
Resistance 1: 5350        
Resistance 2: 5395
BANK NIFTY FUTURES
TREND- sideways
SUPPORT AND RESISTANCE:
SUPPORT LEVELS
Support 1: 9970   
Support 2: 9700
RESISTANCE LEVELS 
Resistance 1:10350
Resistance 2: 10540
STOCK CASH PICKS FOR TOMORROW
COAL INDIA SUPPORT 325, 320 RESISTANCE 330, 335.
BHEL FUTURES SUPPORT 530, 505 RESISTANCE 570, 595.

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