NIFTY LEVELS AND MARKET OVERVIEW : 5 AUGUST 11

STOCK MARKET REVIEW 

CNX Midcap index was down 0.69% about while BSE small cap index also lost 0.57%. The Indian markets ended near day's low on Thursday, extending their losing streak into the third straight trading session. The NSE Nifty has slipped over 160 points in the last three days with the index closing below the 5350 levels for the first time since June 26. The BSE Sensex ended at 17,693 losing 247 points. It had earlier touched a day's high of 18,032.

The decline was led by Realty, Auto, FMCG and Metals stocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.

Today’s Nifty Top gainers were:

BPCL with volume and changes 8,19,353 and 3.49 %

GAIL with volume and changes 10,40,945 and 0.85 %

RCOM with volume and changes 69,36,386 and 0.61 %

Today’s Nifty Top losers were:

RANBAXY with volume and changes 6,03,364 and 4.13 %

RELCAPITAL with volume and changes 13,00,330 and 4.00 %

M&M with volume and changes 25,88,861 and 3.96 %.

Tomorrow market would be down due to weak global market and problematic political condition in the country.

Nifty can be expected to follow up trend. It seems to be vary between 5230-5440

SHARE TO PICKS:

Cipla

cipla Script has traded in heavy volume on thursday. Shares closed the today’s session at 306. Support and resistance levels for the share for the next trading session are:

Resistance 1-309,

Resistance 2- 316

Support 1- 301

Support 2- 208

RANBAXY

RANBAXY has seen trading within the range of 531 to 555 on Thursday. Expected levels for this script are as follow:

Resistance 1-540   

Resistance 2- 557

Support 1- 525   

Support2- 510

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 5,412.40 and finally closed at 5,331.80 rallying down 73.00 points (1.35%). The Nifty high and low of the day were 5,434.50and 5,323.15 respectively.

The Nifty Futures made a down rally of 73.00 points or (1.35%) and finally settled at 5,331.80. The 30-share BSE Sensex was trading at 17,693.18 down 247.37 points.

The Indian markets ended near day's low on Thursday, extending their losing streak into the third straight trading session. The NSE Nifty has slipped over 160 points in the last three days with the index closing below the 5350 levels for the first time since June 26. The BSE Sensex ended at 17,693 losing 247 points. It had earlier touched a day's high of 18,032.

The decline was led by Realty, Auto, FMCG and Metals stocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.

Market seems to be down due to weak global market and problematic political condition in the country and strongly trades between 5290-5375 in narrow perspective and in broad perspective it seems to be vary between 5230-5440

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5290         Support 2: 5230

Resistance 1: 5375     Resistance 2: 5440

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trades between 10430 –10640 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10300-10750.

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10430      Support 2: 10300

Resistance 1: 10640   Resistance 2: 10750

NIFTY LEVELS AND MARKET OVERVIEW : 4 AUGUST 2011

STOCK MARKET REVIEW 

CNX Midcap index was down 0.27% about while BSE small cap index also lost 0.66%.

Investors were vexed over the health of the global economy due to poor economic data that took the limelight of congressional deal to raise America’s debt ceiling to avoid a first-ever default.

The key indices declined for the second straight day. The Sensex closed lower by 169 points at 17941 and the Nifty fell 52 points to shut at 5405. The trading sentiment remained bearish and the markets closed the session on a negative note.

Today’s decline was led by the index heavyweights like L&T, Tata Motors, Axis Bank, Bajaj Auto and DLF, dragging the Nifty to an intra-day low of 5379. However, the index recovered towards the end and managed to hold above the 5400 levels.

Today’s Nifty Top gainers were:

SAIL with volume and changes 3.18 27,51,757 and 3.18 %

RELINFRA with volume and changes 11,27,334 and 2.50 %

SESAGOA with volume and changes 35,17,941 and 2.25 %

Today’s Nifty Top losers were:

LT with volume and changes 28,33,569 and 4.23 %

TATAMOTORS with volume and changes 17,86,057 and 2.95 %

AXISBANK with volume and changes 18,33,923 and 2.87 %.

As the investors are jittery due to the weak global market and flocking to other safe havens, also   Nifty has ended below its ascending support trend line, which indicates that further sell-off on Dalal Street is possible. Hopefully, we may see a rebound after a two-day selloff. US index futures gained so we may expect the positive global market on Thursday.

Nifty can be expected to follow up trend. It seems to be vary between 5330-5480

SHARES TO PICK:

ADANI POWER

ADANI POWER Script has traded in heavy volume on Wednesday. Shares closed the today’s session at 101. Support and resistance levels for the share for the next trading session are:

Resistance 1-105

Resistance2- 109

Support 1- 96  

Support 2- 93

HINDUSTAN MOTORS

Hindustan motor has seen trading within the range of 16.80 to 17.80 on Wednesday. Expected levels for this script are as follow:

Resistance 1-19  

Resistance2- 21

Support 1- 15   

Support2- 13

STOCKS TO WATCH

Sell SHRIRAM TRANSPORT below 585

Book First Target at 579 and Second Target at 572

Keep stop loss at 593.45

Buy AANJANEYA at cmp

Book first target at 396 and Second target at 401

Keep stop loss at 387.45

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened up at 5,402.00 and finally closed at 5,404.80 rallying down 51.75 points (0.95%). The Nifty high and low of the day were 5,402.00 and 5,378.85 respectively.

The Nifty Futures made a down rally of 51.75 points or (0.95%) and finally settled at 5,404.80. The 30-share BSE Sensex was trading at 17,940.55 down 169.34 points.

Investors were vexed over the health of the global economy due to poor economic data that took the limelight of congressional deal to raise America’s debt ceiling to avoid a first-ever default.

The key indices declined for the second straight day. The Sensex closed lower by 169 points at 17941 and the Nifty fell 52 points to shut at 5405. The trading sentiment remained bearish and the markets closed the session on a negative note.

Today’s decline was led by the index heavyweights like L&T, Tata Motors, Axis Bank, Bajaj Auto and DLF, dragging the Nifty to an intra-day low of 5379. However, the index recovered towards the end and managed to hold above the 5400 levels.

Market seems to be strongly trades between 5375-5435 in narrow perspective and in broad perspective it seems to be vary between 5330-5480

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5375         Support 2: 5330

Resistance 1: 5435     Resistance 2: 5480

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trades between 10580 –10820 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10440-10940

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10580       Support 2: 10440

Resistance 1: 10820   Resistance 2: 10940

NIFTY LEVELS AND MARKET REVIEW : 3 AUG 11

STOCK MARKET REVIEW 

CNX Midcap index was down 1.27% about while BSE small cap index also lost 1.45%. The BSE Small-Cap and BSE Mid-Cap indices closed -1.5% each. The Sensex declined 204.44 points to close at 18,109.89, while the Nifty dropped 60.25 points to close at 5,456.55.

The Indian stock market vanished gains in today’s trade on continuous selling pressure in index heavyweights due to disappointing manufacturing data from US, Europe and China led to sell off across the globe. Realty, banking and metal shares were the major draggers.

Today’s Nifty Top gainers were:

NTPC with volume and changes 27, 41,450 and 2.63 %

CIPLA with volume and changes 13,43,721 and 2.31 %

ONGC BANK with volume and changes 36,84,194 and 1.32 %

Today’s Nifty Top losers were:

JPASSOCIAT with volume and changes 1,66,38,810 and 5.01 %

RCOM with volume and changes 65,74,616 and 3.75 %

RELICAPITAL with volume and changes 12, 72,642 and 3.14 %.

In Upcoming trading session, market is expected to be uptrend due to expecting final result of US deal positive and that would support market.

Nifty can be expected to follow up trend. It seems to be vary between 5370-5530

SHARE TO PICKS:

WHIRLPOOL

Whirlpool Script has traded in heavy volume on Tuesday. Shares closed the today’s session at 217. Support and resistance levels for the share for the next trading session are:

Resistance 1-224

Resistance 2- 236

Support 1- 205 

Support 2- 193

Bharti Airtel

Bharti Airtel has raised the pre-paid tariff by 20% in some specific areas some days before. It has seen trading within the range of 430 to 439 on Tuesday. Expected levels for this script are as follow:

Resistance 1-438  

Resistance2- 444

Support 1- 428  

Support 2- 413

STOCKS TO WATCH :

Sell INDIABULLS REAL ESTATE below 94

Book First target at 93 and second at 91.50

Keep Stop loss 95.65

Sell LIC HOUSING FINANCE below 205

Book First target at 202.50 and Second target at 199

Keep stop loss at 208.45

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened up at 5,493.20 and finally closed at 5,456.55 rallying down 60.25 points (1.09%). The Nifty high and low of the day were 5,496.30 and 5,433.65 respectively.

The Nifty Futures made a down rally of 60.25  points or (1.09%) and finally settled at 5,456.55. The 30-share BSE Sensex was trading at 18,109.89 down 204.44 points.

The Indian stock market vanished gains in today’s trade on continuous selling pressure in index heavyweights due to disappointing manufacturing data from US, Europe and China led to sell off across the globe. Realty, banking and metal shares were the major draggers.

In upcoming trading session Nifty Spot Level can be expected to follow uptrend due to positive US final results that would support market. Market seems to be strongly trades between 5410-5495 in narrow perspective and in broad perspective it seems to be vary between 5370-5530

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5410         Support 2: 5370

Resistance 1: 5495     Resistance 2: 5530

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 10780 down by 188.

In upcoming trading session Bank Nifty Futures is expected to follow up trend if it strongly trades between 10680 –10925 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10575-11010

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10680      Support 2: 10575

Resistance 1: 10925   Resistance 2: 11010

NIFTY LEVELS AND MARKET OVERVIEW : 2 AUGUST 11

STOCK MARKET REVIEW 

CNX Midcap index was down 0.12% about while BSE small cap index also lost 0.26%. The Sensex declined 117.13 points to close at 18,314.33, while the Nifty dropped 34.80 points to close at 5,516.80.

Among the other major laggards were FMCG and Consumer Durables stocks. IT, Telecom and Auto stocks were among the major gainers. Even the Mid-Cap and the Small-Cap stocks were under pressure.

For the Indian markets will be corporate earnings and the parliament proceedings during the monsoon session. Any meaningful progress on any of the crucial reform-oriented bills will be sentimentally positive for the markets

Today’s Nifty Top gainers were:

RANBAXY with volume and changes 9,81,760 and 4.48 %

LT with volume and changes 7,87,521 and 2.38  %

IDFC BANK with volume and changes 84,61,067 2.10 %

Today’s Nifty Top losers were:

SAIL with volume and changes 61,15,115 and -5.10 %

RELCAPITAL with volume and changes 14,87,876 and 4.09 %

JINDALSTEEL with volume and changes 25,93,034 and 3.07 %.

In Upcoming trading session, market would be uptrend due to the positive US Results

Nifty can be expected to follow up trend. It seems to be vary between 5430 -5605

TECHNICAL OUTLOOK:

Havells India

Havells India announced its quarter result on Monday. Script has traded in heavy volume on the result day. Shares closed the today’s session at 354.50. Support and resistance levels for the share for the next trading session are:

Resistance 1-368,

Resistance 2- 381

Support 1- 344 

Support 2- 335

Sun TV networks

Sun TV networks announced its first quarter results on 1 August 2011. It has seen trading within the range of 330 to 305 on Monday. Expected levels for this script are as follow:

Resistance 1-325 

Resistance 2- 340

Support 1- 300

Support 2- 290

STOCKS TO WATCH :

Buy S KUMARS FUTURES above the Level 58.80

Book First target at 59.50 and Second target at 60.50

Keep the First Stop loss at 57.65

Buy RANBAXY FUTURES at cmp

Book First target at  570 and Second target at 576

Keep the  stop loss at  557.65

Buy COX & KINGS at cmp

Book first target at 225.50 and Second target at 229

Keep stop loss at  218.65

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened up at 5,527.50and finally closed at 5,516.80 rallying down - 34.80 points (0.63%). The Nifty high and low of the day were 5,551.90 and 5,486.45 respectively.

The Nifty Futures made a down rally of 34.80 points or (0.63%) and finally settled at 5,516.80. The 30-share BSE Sensex was trading at 18,314.33 down 117.13 points.

Among the other major laggards were FMCG and Consumer Durables stocks. IT, Telecom and Auto stocks were among the major gainers. Even the Mid-Cap and the Small-Cap stocks were under pressure.

For the Indian markets will be corporate earnings and the parliament proceedings during the monsoon session. Any meaningful progress on any of the crucial reform-oriented bills will be sentimentally positive for the markets

In upcoming trading session Nifty Spot Level can be expected to follow uptrend due to positive US results. Market seems to be strongly trades between 5470-5560 in narrow perspective and in broad perspective it seems to be vary between 5430-5605

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5470         Support 2 : 5430 

Resistance 1: 5560     Resistance 2: 5605

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 10940 up by 29.

In upcoming trading session Bank Nifty Futures is expected to follow up trend if it strongly trades between 10800 –11140 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10680-11250

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10800       Support 2: 10680

Resistance 1: 11140   Resistance 2: 11250

NIFTY LEVELS AND MARKET OVERVIEW : 1 AUGUST 2011

STOCK MARKET REVIEW 

CNX Midcap index was down 0.36% about while BSE small cap index also lost 0.67%. The Sensex declined 12.32 points to close at 18,197.20, while the Nifty dropped 5.75 points to close at 5482.

The Indian equity indices ended almost unchanged on Friday, taking a breather after three straight days of losses. It was a volatile session, with the NSE Nifty swinging between a low of 5450 and a high of 5520 levels. 

Realty, Metals and Oil & Gas stocks were among the major laggards. The Mid-Cap and the Small-Cap stocks saw some offloading as well. However, bucking the negative trend were FMCG, Banking and Telecom stocks. 

Today’s Nifty Top gainers were:

AXISBANK with volume and changes 18, 50,972 and3.03 %

PNB with volume and changes 3, 37,745 and 2.38 %

ICICI BANK with volume and changes 65, 37,10595 and 2.05 %

Today’s Nifty Top losers were:

SESAGOA with volume and changes 39,09,936 and -5.45 %

JINDALSTEEL with volume and changes 31, 60,54422 and -4.14  %

JPASSOCIAT with volume and changes 2, 18, 63,695 and -3.88 %.

Due to profit booking market seems to be under buying pressure. In upcoming session market would be downward due to weak global market and fear US dead Default.
Nifty can be expected to follow down trend due to weak global market. It seems to be vary between 5400 -5565

TECHNICAL OUTLOOK:

JK CEMENT

JK CEMENT is going to announce its quarter result on Monday. Script has traded in heavy volume before the result day. Shares closed the today’s session at 106.65. Support and resistance levels for the share for the next trading session are:

Resistance 1-109

Resistance 2- 111

Support 1- 105 

Support 2- 103

SUZLON ENERGY

SUZLON ENERGY is going to announce its first quarter results on 29^TH July. It has seen trading within the range of 53 to 52 on Friday. Expected levels for this script are as follow:

Resistance 1-53

Resistance 2-54

Support 1- 52 

Support 2- 51

NIFTY SPOT LEVEL
                                                                                                          

The Index opened up at 5,479.00 and finally closed at 5,482.00 rallying down -5.75 points (0.10%). The Nifty high and low of the day were 5,520.30 and 5,453.95 respectively.

The Nifty Futures made a down rally of -5.75 points or (0.10%) and finally settled at 5,482.00. The 30-share BSE Sensex was trading at 18,209.52 down 222.73 points.

The Indian equity indices ended almost unchanged on Friday, taking a breather after three straight days of losses. It was a volatile session, with the NSE Nifty swinging between a low of 5450 and a high of 5520 levels. 

Realty, Metals and Oil & Gas stocks were among the major laggards. The Mid-Cap and the Small-Cap stocks saw some offloading as well. However, bucking the negative trend were FMCG, Banking and Telecom stocks. 

In upcoming trading session Nifty Spot Level can be expected to follow down trend due to weak global market and fear US dead default trend. But buying pressure would be expected due to profit booking. Market seems to be strongly trades between 5440-5530   in narrow perspective and in broad perspective it seems to be vary between 5400 -5565

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5440         Support 2 : 5400 

Resistance 1: 5530     Resistance 2: 5565

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 10926 up by 62.

In upcoming trading session Bank Nifty Futures is expected to follow down trend if it strongly trades between 10800 –11000 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10680-11150

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10800       Support 2: 10680

Resistance 1: 11000   Resistance 2: 11150

STOCKS TO WATCH :

Sell Corporation Bank below the Level 500

Book First Target at 496 and Second target at 490

Keep stop loss at 507.45