STOCK MARKET REVIEW
CNX Midcap index was down today: 25 august 2011, 1.01% about and S&P CNX 500 lost about 1.02% while BSE small cap index and Midcap also lost at 0.82% and 0.88% Respectively.
The BSE Sensex ended at 16,146.33 losing 138.65 points. The NSE Nifty closed at 4,839.60 losing 49.30 points.
Indian stock market dropped for a second day as concern a global slowdown will hurt corporate earnings countered speculation the U.S. Federal Reserve will continue efforts to boost the world’s largest economy.
Tomorrow market is expected to be bearish as last day of trading day eye will be on bernanke speech.
Today’s Nifty Top gainers were:
DLF with volume and changes 2.80 59,05,167%
PNB with volume and changes 5,61,683 and 2.60 %
AMBUJACEMENT with volume and changes 32,95,892 and 2.45 %
Today’s Nifty Top losers were:
JPASSOCIAT with volume and changes 1,60,00,857 and 5.22 %
SAIL with volume and changes 27,29,101 and 3.92 %
HCLTECH with volume and changes 20,95,994 and 3.87 %.
Nifty can be expected to follow down trend. It seems to be vary between 4740-4930.
TECHNICAL CALLS FOR TODAY
GSFC- GUJRAT STATE FERTILIZERS AND CHEMICALS
GSFC provides Fertilizers Urea, Bio Fertilizer, Caprolactam, Melamine, Nylon-6, Biotech Product, Agro Product, Micro Irrigation, Horticulture.Closed at 385
Resistance 1-390
Resistance 2- 391.5
Support 1- 382.5
Support 2- 380
RELIANCE POWER
Reliance power has got 50 mw project from canadian company. It currently closed on NSE at 82.00.
Resistance 1- 84.5
Resistance 2- 85
Support 1- 80
Support 2- 79
NIFTY OUTLOOK FOR TODAY : 26 AUGUST 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4,914.65 and finally closed at 4,839.60 rallying down 49.30 points (1.01%). The Nifty high and low of the day were 4,915.85 and 4,825.05 respectively.
The Nifty Futures made a down rally of 49.30 points and finally settled at 4,839.60. The16,146.33 down 138.65 points. 30-share BSE Sensex was trading at
Indian stock market dropped for a second day as concern a global slowdown will hurt corporate earnings countered speculation the U.S. Federal Reserve will continue efforts to boost the world’s largest economy.
Market seems to be strongly trades between 4785-4890 in narrow perspective and in broad perspective it seems to be vary between 4740-4930.
Tomorrow market is expected to be bearish as last day of trading day
eye will be on bernanke speech.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 4785 Support 2: 4740
Resistance 1: 4890 Resistance 2: 4930
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9025–9280 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 8900-9425.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 9025 Support 2: 8900
Resistance 1:9280 Resistance 2: 9425
0 comments:
Post a Comment