STOCK MARKET REVIEW: 25th NOVEMBER 2011
The BSE Sensex ended at 15695.43 losing 163.06 points. The NSE Nifty closed at 4710.05 losing 46.10 points.
Picture of the market was bearish from the start. It was just 32 points minus(nifty) but as the day progressed it fell in the free fall of gravity down. At one moment the market was almost 160 points down but soon it recovered and gave a 100 points negative close.
Stock market is more likely to expect BULLISH.
Today’s Nifty Top gainers were:
L&T with volume and changes 4,326,359,823.45and 3.4 %.
BHEL with volume and changes 1,481,803,050.20and 3.2%.
BPCL with volume and changes 871,774,674.70and 3.1%.
Today’s Nifty Top losers were:
MARUTI with volume and changes 636,709,269.80and [3.9] %.
HINDALCO with volume and changes 617,717,909.40and [3.9] %.
RPOWER with volume and changes 187,053,342.50and [3.5] %.
Nifty can be expected to follow UP trend in a long term. It seems to be varying between 4600-4800
TECHNICAL CALLS FOR TODAY: 28TH NOVEMBER 2011
LOVABLE LINGERIE
LOVABLE LINGERIE closed today’s session at 373.75. Support and resistance levels for the share for the next trading session are:
Resistance 1-378
Resistance 2- 382
Support 1- 368
Support 2-362
SBI
SBI has seen trading within the range of 1690.75. Expected levels for this script are as follow:
Resistance 1-1705
Resistance 2- 1720
Support 1- 1674
Support 2-1660
JINDAL STEEL
JINDAL STEEL closed trading at 487.25 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-493
Resistance 2- 500
Support 1- 480
Support 2-475
NIFTY OUTLOOK FOR TODAY 28TH NOVEMBER 2011
NIFTY SPOT LEVEL
The Nifty Index opened at 4731.30 and finally closed at 4710.05 rallying DOWN 46.40 points (0.98%) The Nifty high and low of the day were 4779.50 and 4640.95respectively.
The Nifty Index opened at 4731.30 and finally closed at 4710.05 rallying DOWN 46.40 points (0.98%) The Nifty high and low of the day were 4779.50 and 4640.95respectively.
The Nifty Futures made a DOWNTREND of 74.30 points and finally settled at 4707.30. The 30-share BSE Sensex was trading at 15695.43 DOWN 163.05 points.
Market seems to be strongly trades between 4760-4850 in narrow perspective and in broad perspective it seems to be vary between 4695-4905.
TREND – BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
Support 1: 4630 Support 2: 4580
Resistance 1:4780 Resistance 2: 4870
Bank Nifty Futures seems to be strongly a trade between 8470-8700 in narrow perspective and in broad perspective it seems to be vary between 8300-8860.
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
Support 1: 8300 Support 2: 8190
Resistance 1: 8555 Resistance 2: 8710
NIFTY SPOT LEVEL: 28th NOVEMBER 11
In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 4630-4780, and if it breaks the level 4630 Then it would go down and next support would be 4580 and if it breaks the level 4780 then would go higher and next resistance would be 4870 i.e. Nifty would vary between broad range of 4630-4870.
BANK NIFTY FUTURES: 28th NOVEMBER 11
In upcoming trading session, Bank Nifty Futures is possible to vary between narrow ranges of 8300-8555, and if it breaks the level 8300 then it would go down up to next support 8190. If bank nifty futures sustain at 8555, then it would make high up to next resistance 8710, that is bank nifty future would vary between broad range of 8190-8710.
0 comments:
Post a Comment