STOCK MARKET REVIEW : 19 OCT 2011
CNX Midcap index was up today: 19th October 2011, 1.34% about and S&P CNX 500 gained about 1.75% while BSE small cap index lost at 0.96% and Midcap lost at 1.20% respectively.
The BSE Sensex ended at 17085.35 gaining 337.05 points. The NSE Nifty closed at 5139.15 gaining 101.65 points.
Market today expected a bearish opening but good close to US markets and strong opening in European market moved the market upward and good quarterly results from the companies helped index to close very positive which gave an expectation for a positive market tomorrow.
Stock market is more likely to expect Bullish.
Today’s Nifty Top gainers were:
DLF with volume and changes 918,113,245.85and 4.2 %
HERO MOTOCORP with volume and changes 1,414,802,713.50and 4.1%
L&T with volume and changes 2,144,862,161.55and 3.8 %
Today’s Nifty Top losers were:
SESA GOA with volume and changes 333,889,866.20and [2.0] %
TATA POWER with volume and changes 229,135,625.30 and [0.1] %
Nifty can be expected to follow up trend in a long term. It seems to be vary between 4900-5200.
TECHNICAL CALLS FOR TODAY : 20th OCT 2011
CROMPTON GREAVES
CROMPTON GREAVES closed today’s session at 143.65. Support and resistance levels for the share for the next trading session are:
Resistance 1-147
Resistance 2- 151
Support 1- 140
Support 2-137.50
INDRAPRASTHA GAS
INDRAPRASTHA GAS has seen trading within the range of 397.45. Expected levels for this script are as follow:
Resistance 1-402.50
Resistance 2- 406.30
Support 1- 389
Support 2-385.50
DISH TV
DISH TV closed trading at 77.60. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-78.10
Resistance 2- 80
Support 1- 75
Support 2-71.50
NIFTY OUTLOOK FOR TODAY 20TH October 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 5080.45 and finally closed at 5139.15 rallying up 101.65 points (2.02%) The Nifty high and low of the day were 5148.75 and 5075.30 respectively.
The Nifty Futures made a uptrend of 101.45 points and finally settled at 5146.35. The 30-share BSE Sensex was trading at 17085.34 down 337.04 points.
Market seems to be strongly trades between 5000-5200 in narrow perspective and in broad perspective it seems to be vary between 4800-5200.
TREND -- BULLISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5070
Support 2: 5035
Resistance 1:5200
Resistance 2: 5240
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9750-9950 in narrow perspective and in broad perspective it seems to be vary between 9500-10000.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 9750
Support 2: 9690
Resistance 1: 9955
Resistance 2: 10000Get Free Stock Market Calls, Stock Market Review, Technical Calls for today, Stocks To Watch, Nifty Spot Level, Bank Nifty Futures
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