STOCK MARKET REVIEW: 1st NOVEMBER 2011
CNX Midcap index was down today: 1st November 2011, 0.82% about and S&P CNX 500 lost about 1.10% while BSE small cap index lost at 0.55% and Midcap lost at 0.69% respectively.
The BSE Sensex ended at 17480.83 losing 224.18 points. The NSE Nifty closed at 5257.95 losing 68.65 points.
Negative seen everywhere after yesterday closing it was expected that it can open red but form opening till closing it have huge negative run after the global cues from European markets.
Stock market is more likely to expect Bearish.
Today’s Nifty Top gainers were:
PNB with volume and changes 356,476,592.55and 3.7 %
HUL with volume and changes 2,934,294,483.75and 3.3%
WIPRO with volume and changes 1,319,498,997.25and 1.4 %
Today’s Nifty Top losers were:
ICICI with volume and changes 5,067,551,598.65and [3.9] %
REL INFRA with volume and changes 631,038,252.20and [3.8] %
DR. REDDY with volume and changes 505,601,178.75and [3.6] %
Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5200-5400.
TECHNICAL CALLS FOR TODAY: 2ND NOVEMBER 2011
ALLAHABAD BANK
ALLAHABAD BANK closed today’s session at 148.95. Support and resistance levels for the share for the next trading session are:
Resistance 2- 155
Support 1- 143
Support 2-139
JUBILANT IND
JUBILANT IND has seen trading within the range of 189.25. Expected levels for this script are as follow:
Resistance 2- 194
Support 1- 187.50
Support 2-185
BERGER PAINTS
BERGER PAINTS closed trading at 103.70. Expected resistance and support levels for the scrip for the next trading session are:
Resistance 2- 107.50
Support 1- 101.50
Support 2-99.80
NIFTY OUTLOOK FOR TODAY 2ND NOVEMBER 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 5278.60 and finally closed at 5257.95 rallying down 68.65 points (1.29%) The Nifty high and low of the day were 5310.85 and 5238.30 respectively.
The Nifty Futures made a downtrend of 57.65 points and finally settled at 5289.45. The 30-share BSE Sensex was trading at 17480.83 down 224.18 points.
Market seems to be strongly trades between 5200-5300 in narrow perspective and in broad perspective it seems to be vary between 5100-5500.
TREND -- BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 5215 Support 2: 5170
Resistance 1:5290 Resistance 2: 5325
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly a trade between 9800-10100 in narrow perspective and in broad perspective it seems to be vary between 9750-10300.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 9710 Support 2: 9600
Resistance 1:9970 Resistance 2: 10140
1 comments:
Just want to say your article is as amazing. The clearness in your post is simply cool.
-------------
trading strategy
Post a Comment