DAILY LEVELS AND MARKET OVERVIEW : 22 JULY 11

Nifty Spot Level
                                                                                                                

The Index opened up  at  5,554.60 and finally closed at 5,541.60 rallying -46.50   points (-0.83%).The Intraday high and low of the day were 5,578.90 and 5,532.70 respectively.

The Nifty Futures also made an down rally of -25.45 points or (-0.46% )and finally settled at 5,541.60 .The 30-share BSE Sensex was trading at 18,436.19 down -66.19 points.

The Indian markets ended in red for the second straight trading session on Thursday as investors turned cautious amid a few disappointing corporate results. The NSE Nifty closed below the 5550 level amid weak cues from the international equity markets.

In upcoming trading session market market can be seen trading  in downtrend in the morning session due to heavy buyings. Seems to be strongly trades between 5515- 5565in  narrow perspective and in broad perspective it seems to be vary between 5475 - 5600

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5515 ( support 1)       5475 (Support 2 ) 

5565 (Resistance 1)    5600 (Resistance 2 )

Bank Nifty Futures

Bank Nifty Futures  finally settled 11077 DOWN BY 102

 In upcoming trading session market is expected to be downward there may buying pressure in the early session if it strongly trades between 10970 –11135  is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  10850 - 11265

SUPPORT AND RESISTANCE:

The Support  and Resistance Zone for Bank Nifty Futures would be 

10970 (support 1)          10850 (Support 2 ) 

11135 (Resistance 1)      11265 (Resistance 2 )

TECHNICAL OUTLOOK FOR INTRADAY : 22 JULY 11

NIIT

NIIT is going to announce its quarter result tomorrow. Script has traded in heavy volume before the result day. Shares closed the today’s session at 58.15. Support and resistance levels for the share for the next trading session are:

RESISTANCE LEVELS :

Resistance 1 : 59

Resistance 2 : 60

SUPPORT LEVELS :

Support 1 : 56

Support 2 : 55

JET AIRWAYS

JETAIRWAYS is been reflecting the crude oil price up and down in its share prices. Airline is going to announce its first quarter results on 22nd  July. It has seen trading within the range of 485 TO 498on thursday. Expected levels for this script are as follow:

RESISTANCE LEVELS :

Resistance 1 : 496

Resistance 2 : 504

SUPPORT LEVELS :

Support 1 : 483

Support 2 : 477

AXIS BANK

Axis Bank is going to announce the quarter result on 22nd July. The script is seen trading in broad range on Thursday amid the news that the RBI again going to raise the interest rate. Script closed trading at 1239.Expected resistance and support levels for the scrip for the next trading session are:

RESISTANCE LEVELS :

Resistance 1 : 1255

Resistance 2 : 1271

SUPPORT LEVELS :

Support 1 : 1228

Support 2 : 1217

COLGATE PALMOLIVE

COLGATE is going to announce its first quarter result tomorrow. This script closed the today’s trading session at 977.35 and made a low of 975. Resistance and support levels for tomorrow:

RESISTANCE LEVELS :

Resistance 1 : 992

Resistance 2 : 1006

SUPPORT LEVELS :

Support 1 : 3969

Support 2 : 3960

STOCK MARKET REVIEW : 21 JULY 11

STOCK MARKET REVIEW

CNX Midcap index was down about 0.74 % while BSE smallcap index also lost 0.45 %. The BSE Sensex ended at 18,436, falling 66 points. It had earlier touched a day's high of 18,567 and a day's low of 18,415. It opened at 18,514.

The Indian markets ended in red for the second straight trading session on Thursday as investors turned cautious amid a few disappointing corporate results. The NSE Nifty closed below the 5550 level amid weak cues from the international equity markets.

Today’s Nifty Top gainer were  :

HEROHONDA  with volume and changes 16,91,160 and 1.82%,

SIEMENS  with volume and changes 3,70,738 and 1.30%

Today’s Nifty Top losers were :

RCOM with volume and changes 37,38,005 and 4.13% 

IDFC with volume and changes 45,05,159 and 2.67%

Tomorrow market will follow dowmtrend due to heavy buyings. Nifty will manages between 5475 - 5600

DAILY LEVELS AND MARKET OVERVIEW : 21 JULY 11

  Nifty Spot Level

                                                                                                       The Index opened up  at  5,642.05 and finally closed at 5,567.05 rallying -46.50   points (-0.83%).The Intraday high and low of the day were 5,645.40 and 5,555.10 respectively.

The Nifty Futures also made an down rally of -46.50   points or ( 0.83%) and finally settled at 5,567.05. The 30-share BSE Sensex was trading at 18,502.38  down -151.49 points.

Despite the positive global market, The Nifty was unable to profit from the jumpstart as investors digested a wave of disappointing quarterly earnings. excepting IRB Infra and Petronet LNG, most other companies announcing their results declined today.

In upcoming trading session market market can be seen trading  in downtrend. Seems to be strongly trades between 5530- 5600 in  narrow perspective and in broad perspective it seems to be vary between 5485 - 5650

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5530 ( support 1)         5485 (Support 2 )

5600 (Resistance 1)    5650 (Resistance 2 )

For more info log on to http://niftytips-niftyfutures.blogspot.com

Bank Nifty Futures

Bank Nifty Futures  finally settled 11171 down by 174

 In upcoming trading session market is expected to be downward if it strongly trades between 11100 –11280 is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  10970 - 11620

SUPPORT AND RESISTANCE:

The Support  and Resistance Zone for Bank Nifty Futures would be 

11100 (support 1)           10970 (Support 2 )

11280 (Resistance 1)      11410 (Resistance 2 )

TECHNICAL OUTLOOK FOR INTRADAY : 21 JULY 11

HERO HONDA MOTORS

HERO HONDA MOTOR is going to announce the quarter result on 21ST July. The script is seen trading in bounded range on Tuesday and closed trading at 1761.50.

Expected resistance and support levels for the scrip for the next trading session are:

RESISTANCE LEVELS :

Resistance 1 : 1795

Resistance 2 : 1829

SUPPORT LEVELS :

Support 1 : 1740

Support 2 : 1719

YES BANK

YES BANK is going to announce its first quarter result tomorrow. This script closed the today’s trading session at 318.45 and made a low of 316.20. Resistance and support levels for tomorrow:

RESISTANCE LEVELS :

Resistance 1 : 326

Resistance 2 : 333

SUPPORT LEVELS :

Support 1 : 314

Support 2 : 309

SESA GOA

SESA GOA is been very much into the news since last one year. Company is going to announce its first quarter results on 21th July. It has seen trading within the range of 293 TO 284on Wednesday.

Expected levels for this script are as follow:

RESISTANCE LEVELS :

Resistance 1 : 292

Resistance 2 : 298

SUPPORT LEVELS :

Support 1 : 282

Support 2 : 278

STOCK MARKET REVIEW : 20 JULY 11

STOCK MARKET REVIEW

CNX Midcap index was down about 1.27%% while BSE smallcap index also lost 0.36%. The Indian equities ended near the day’s low, with the Nifty closing below 5600. The BSE Sensex finished 150 points lower after opening near the day’s high. Today Nifty Made a high of 5,645.40 and low of 5,555.10.

Despite the positive global market, The Nifty was unable to profit from the jumpstart as investors digested a wave of disappointing quarterly earnings. Excepting IRB Infra and Petro net LNG, most other companies announcing their results declined today.

Today’s Nifty Top gainer were  :

DLF with volume and changes 1, 42,74,187 and 1.31%,

ITC with volume and changes 84, 09,884 and 0.69%

HUL with volume and changes 19,74,487 and 0.56% respectively

Today’s Nifty Top losers were :

WIPRO with volume and changes 46,90,625 and 4.14%

HINDALCO with volume and changes 43,03328 and 3.41%

RANBAXY  with volume and changes  4,22,704 and 2.59%

buying can be seen in the first half of the session as the positive global market's impact has not been discounted yet. Investor may book the profit which may further drag the market upside. but still  quarter results would be watched carefully. Tomorrow market is expected to be down ward

Nifty Spot level will manage between 5485 and 5650

STOCKS TO WATCH : 21 JULY 11

STOCKS FOR TOMMOROW

FUTURES CALL

SELL CALL

Sell DR. REDDY FUTURES below the level 1530

Book First target at 1515 and second target at 1500

Keep Stop loss at 1550.15

CASH CALL

BUY CALL

Buy TTK HEALTHCARE above the Level 620

Book First target at 628 and Second target at 635

Keep Stop loss at  609.95

Buy SUBEX above the Level 68

Book First target at 70 and Second at 72

Keep Stoploss at 66

STOCK MARKET REVIEW : 18 JULY 11

STOCK MARKET REVIEW

Today market came under selling pressure due to weak global market.

CNX Midcap index was up 0.27% while BSE smallcap index  also gained 0.37%.The Sensex fell 55 points to close at 18507 and the Nifty settled 14 points lower at 5567. Today Nifty Made a high of 5,609.00  and low of 5,560.10 .

The Indian indices bystander volatility on the first day of the week and closed the trade in the negative ground. Possibility of US debt default and endless European debt crisis dampened the mood of investors as well as traders globally.

Technology, auto and healthcare stocks directed the cry off. The key indices ended in red for the second day in a row.

Today’s Nifty Top gainer were  :

 HINDALCO with volume and changes 73,37123 and 3.60%,

GAIL with volume and changes 7,76,378 and 1.98 %

BHEL with volume and changes 8,03,125 and 2.65 % respectively

Today’s Nifty Top losers were :

CIPLA with volume and changes 32,85,46 and 2.16%

RCOM with volume and changes 36,61577 and 2.14%

TCS with volume and changes 15,62604 and 2.01%

Tomorrow market will be on selling pressure as the data around the world came weak and US economy highly under pressure this week. But in long run it is still uptrend. Nifty Spot level will manage between 5490 and 5630

NIFTY SPOT LEVEL : 19 JULY 11

Nifty Spot Level
                                                                                                               

The Index opened up  at  5,585.00and finally closed at 5,567.05 rallying

-14.05 points (-0.25%) .The Intraday high and low of the day were 5,609.00 and 5,560.10 respectively.

The Nifty Futures also made an down  rally of -14.05 points or (-0.25%) and finally settled at 5,567.05 .The 30-share BSE Sensex was trading at 18,507.04 down

-54.88 points

India's first volatility index for the first day of the week and part of the business closed in negative terrain. Possible default of U.S. debt and the debt crisis infinite in a moist environment for investors and traders around the world.

Technology stocks, automotive and health led the cry off. The major indexes finished in red for second straight day.

In upcoming trading session market market can be seen trading  in down trend. Seems to be  strongly trades between  5525 -  5595 in  narrow perspective and in broad perspective it seems to be vary between 5490- 5630

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5525 ( support 1)          5490 (Support 2 )

5595 (Resistance 1)      5630 (Resistance 2 )

BANK NIFTY FUTURES : 19 JULY 11

Bank Nifty Futures

Bank Nifty Futures  finally settled 11241  down by 5.

 In upcoming trading session market is expected to be downward if it strongly trades between  11130 – 11360 is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  11010 -   11490

SUPPORT AND RESISTANCE:

The Support  and Resistance Zone for Bank Nifty Futures would be 

11130 (support 1)            11010 (Support 2 )

11360 (Resistance 1)       11490 (Resistance 2 )