STOCK MARKET CALLS | ANALYSIS | NFTY OUTLOOK : 1ST DECEMBER 2011

STOCK MARKET REVIEW: 30^th NOVEMBER 2011

CNX Midcap index was down today: 30^th  November 2011, 0.20% about and S&P CNX 500 gained about 0.19% while BSE small cap index lost at 0.73% and Midcap lost at 0.66% respectively.

The BSE Sensex ended at 16123.45 gaining 115 points. The NSE Nifty closed at 4832.05 gaining 26.95 points.

It was the result of GDP numbers that came in the market that market out performed each and every one. Market started negative but after the announcement of GDP numbers market soon recovered and closed well above the 4830 mark which was a strong resistance level.

Stock market is more likely to expect bearish.

Today’s Nifty Top gainers were:

POWERGRID with volume and changes 291,137,770.45and 4.1 %.

AIRTEL with volume and changes 2,588,953,476.15and 3.3%.

SUN PHARMA with volume and changes 279,692,814.85and 3.2%.

Today’s Nifty Top losers were:

SAIL with volume and changes 857,460,448.45and [4.3] %.

RANBAXY with volume and changes 447,413,809.45and [3.9] %.

STERLITE with volume and changes 491,562,820.50and [3.0] %.

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 4700-4900

TECHNICAL CALLS FOR TODAY: 1^ST DECEMBER  2011

TITAN

TITAN closed today’s session at 177.65. Support and resistance levels for the share for the next trading session are:

Resistance 1-180

Resistance 2- 184

Support 1- 174

Support 2-170
PANTALOON

PANTALOON has seen trading within the range of 1649. Expected levels for this script are as follow:

Resistance 1-1660

Resistance 2- 1675

Support 1- 1635

Support 2-1625
SIEMENS

SIEMENS closed trading at 688.95 Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-694

Resistance 2- 700

Support 1- 680

Support 2-674

NIFTY OUTLOOK FOR TODAY 1^ST DECEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 4766.15 and finally closed at 4832.05 rallying UP 26.92 points (0.56%) The Nifty high and low of the day were 4851.55 and 4754.80 respectively. 

The Nifty Futures made an UPTREND of 26.50 points and finally settled at 4843.12. The 30-share BSE Sensex was trading at 16123.46 UP 115.12 points.

Market seems to be strongly trades between 4825-4875 in narrow perspective and in broad perspective it seems to be vary between 4765-4915.

TREND – BEARISH.

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

Support 1: 4825   Support 2: 4765

Resistance 1:4875    Resistance 2: 4915

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly a trade between 8470-8710 in narrow perspective and in broad perspective it seems to be vary between 8350-8880.

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

Support 1: 8470 Support 2: 8350

Resistance 1: 8710 Resistance 2: 8880