STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 7TH FEBRUARY 2012

STOCK MARKET REVIEW: 6th FEBRUARY 2012

The market today had a upward movement lead by the cement and capital goods stocks.

BSE Sensex ended at 17,707 up 102.35 points or 0.58 % from the last close. It earlier touched a day's high of 17,829 and day’s low of 17,595.  NSE NIFTY closed at 5,361 up 35.80 points. The index hit an intra-day high of 5,390 and an intra-day low of 5,327.

The BSE Mid-Cap index gained 1.26% while the BSE Small-Cap index was up 1.43%.CNX MIDCAP 50 index gained 1.50% and S&P CNX 500 was up 0.92%.

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

• ACC changed 5.74%.With volume 10,351,000
• AMBUJA CEMENT changed 5.22% with volume 8,989,000 and
• SIEMENS changed 4.01% with volume of 4,034,000.

Nifty Losers

Today’s nifty top losers were

• TATA POWER changed -4.26% volumes 6,187,000
• HUL changed -3.20% with volume 32,501,000
• SUN PHARMA changed -2.03% with volume 6,187,000

NIFTY OUTLOOK FOR TODAY 7th FEBRUARY 2012

NIFTY SPOT LEVEL

TREND – moderately negative

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 5325

Support 2: 5250

RESISTANCE LEVELS

Resistance 1: 5395        

Resistance 2: 5435

BANK NIFTY FUTURES

TREND- sideways to negative

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 10130 

Support 2: 9970

RESISTANCE LEVELS 

Resistance 1:10350

Resistance 2: 10540

STOCK CASH PICKS FOR TOMORROW

BHARTI AIRTEL (CASH) SUPPORT 385, 378 RESISTANCE 398, 405.

HINDPETRO (FUTURES) SUPPORT 286, 283 RESISTANCE 290, 300.