STOCK MARKET ANALYSIS AND NIFTY OUTLOOK : 4TH NOVEMEBER 2011

STOCK MARKET REVIEW: 3rd NOVEMBER 2011

CNX Midcap index was up today: 3^rd November 2011, 0.50% about and S&P CNX 500 gained about 0.36% while BSE small cap indexno change at 0.00% and Midcap lost at 0.04% respectively.

The BSE Sensex ended at 17481.93 gaining 17.08 points. The NSE Nifty closed at 5265.75 gaining 7.30 points.

It was global concerns that made a market like a pendulum it swinged whole day from positive to negative and finally setteled in a green zone. Europe again was dominant again all over the world markets that moved the market along.

Stock market is more likely to expect Bullish.

Today’s Nifty Top gainers were:

DLF with volume and changes 905,508,318.40and 4.3 %

BHEL with volume and changes 602,095,951.40and 4.3%

TATA POWER with volume and changes 448,656,971.45and 3.3 %

Today’s Nifty Top losers were:

SAIL with volume and changes 304,766,594.80and [3.2] %

IDFC with volume and changes 725,526,174.75and [2.4] %

HUL with volume and changes 1,896,370,314.75and [2.0] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5200-5400.

TECHNICAL CALLS FOR TODAY: 4th NOVEMBER 2011

ONGC

ONGC closed today’s session at 277.95. Support and resistance levels for the share for the next trading session are:

Resistance 1-280

Resistance 2- 284

Support 1- 272

Support 2-268

VENKYS

VENKYS has seen trading within the range of 502.75. Expected levels for this script are as follow:

Resistance 1-510

Resistance 2- 518

Support 1- 497

Support 2-492

MARICO

MARICO closed trading at 149.80. Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-151.50

Resistance 2- 154

Support 1- 147

Support 2-143.5

NIFTY OUTLOOK FOR TODAY 4^TH  NOVEMBER 2011

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 5241.55 and finally closed at 5265.75 rallying up 7.30 points (0.14%) The Nifty high and low of the day were 5281.60 and 5201.85 respectively.

The Nifty Futures made a uptrend of 29.70 points and finally settled at 5309.90. The 30-share BSE Sensex was trading at 17481.93 up 17.08 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 – BULLISH.

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: 9720    Support 2: 9600

Resistance 1:9950 Resistance 2: 10120