STOCK MARKET REVIEW : 21st October 2011
CNX Midcap index was down today: 21st October 2011, 0.86% about and S&P CNX 500 lost about 0.72% while BSE small cap index lost at 0.60% and Midcap lost at 0.68% respectively.
The BSE Sensex ended at 16785.64 losing 151.25 points. The NSE Nifty closed at 5049.95 losing 41.95 points.
Bear hunted the bull again after a very sideways run. It was the panic and the result of bad quarterly results of the company which moved the market towards the negative junction.
Stock market is more likely to expect Bearish.
Today’s Nifty Top gainers were:
BAJAJ AUTO with volume and changes 2,205,295,477.95and 1.7 %
MARUTI with volume and changes 560,626,739.40and 1.6%
SIEMENS with volume and changes 112,529,936.65and 1.4 %
Today’s Nifty Top losers were:
L&T with volume and changes 2,008,533,066.85and [3.6] %
BHARTI AIRTEL with volume and changes 964,102,898.75and [3.1] %
TATA MOTOR with volume and changes 2,486,248,564.05and [2.7] %
Nifty can be expected to follow down trend in a long term. It seems to be vary between 4900-5200.
TECHNICAL CALLS FOR TODAY : 24th October 2011
AXIS BANK
AXIS BANK closed today’s session at 1127.70. Support and resistance levels for the share for the next trading session are:
Resistance 1-1138
Resistance 2- 1145
Support 1- 1120
Support 2-1111
GRASIM
GRASIM has seen trading within the range of 2289.55. Expected levels for this script are as follow:
Resistance 1-2310
Resistance 2- 2350
Support 1- 2270
Support 2-2252
GRAVITA
GRAVITA closed trading at 468.70. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-478
Resistance 2- 490
Support 1- 456
Support 2-440
NIFTY OUTLOOK FOR TODAY 24th October 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 5106.60 and finally closed at 5049.95 rallying down 41.95 points (0.82%) The Nifty high and low of the day were 5120.75 and 5037.95 respectively.
The Nifty Index opened at 5106.60 and finally closed at 5049.95 rallying down 41.95 points (0.82%) The Nifty high and low of the day were 5120.75 and 5037.95 respectively.
The Nifty Futures made a downtrend of 34.85 points and finally settled at 5068. The 30-share BSE Sensex was trading at 16785.64 down 151.25 points.
Market seems to be strongly trades between 4900-5100 in narrow perspective and in broad perspective it seems to be vary between 4800-5200.
TREND -- BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5020 Support 2: 4975
Resistance 1:5070 Resistance 2: 5120
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9500-9700 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: 9560 Support 2: 9450
Resistance 1:9780 Resistance 2: 9860
Get Free Stock Market Calls, Stock Market Review, Technical Calls for today, Stocks To Watch, Nifty Spot Level, Bank Nifty Futures
SUBSCRIBE HERE 
0 comments:
Post a Comment