STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 14TH NOVEMBER 2011

STOCK MARKET REVIEW: 11^th NOVEMBER 2011

CNX Midcap index was down today: 11^th November 2011, 1.29% about and S&P CNX 500 lost about 1.12% while BSE small cap index lost at 1.57% and Midcap lost at 1.13% respectively.

The BSE Sensex ended at 17192.82 losing 169.28 points. The NSE Nifty closed at 5168.25 losing 52.20 points.

Down gradation of Indian banking system caused a deep pain to the Indian market. It open with heavy downside but soon after some jerks it recovers a bit and closed well above the day low.

Stock market is more likely to expect Bearish.

Today’s Nifty Top gainers were:

M&M with volume and changes 780,776,583.20and 3.5 %

SUNPHARMA with volume and changes 292,666,240.55and 2.8%

RELIANCE with volume and changes 2,340,127,579.65and 2.4%

Today’s Nifty Top losers were:

AXIS BANK with volume and changes 2,035,019,885.50and [5.0] %

ICICI with volume and changes 4,843,737,768.95and [4.8] %

HINDALCO with volume and changes 811,507,589.30and [4.3] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5100-5300.

TECHNICAL CALLS FOR TODAY: 14^th NOVEMBER 2011

COAL INDIA

COAL INDIA closed today’s session at 326.10. Support and resistance levels for the share for the next trading session are:

Resistance 1-329

Resistance 2- 332

Support 1- 223.5

Support 2-221

SUN PHARMA

SUN PHARMA has seen trading within the range of 504.30. Expected levels for this script are as follow:

Resistance 1-506.50

Resistance 2- 509

Support 1- 502

Support 2-499

BHEL

BHEL closed trading at 324.40. Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-327

Resistance 2- 330

Support 1- 321.50

Support 2-318

NIFTY OUTLOOK FOR TODAY 14^TH NOVEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 5159.75 and finally closed at 5168.85 rallying down 52.20 points (1.00%) The Nifty high and low of the day were 5198.60 and 5142.25 respectively.

The Nifty Futures made a DOWNTREND of 37.60 points and finally settled at 5199.50. The 30-share BSE Sensex was trading at 17192.82 down 169.28 points.

Market seems to be strongly trades between 5100-5200 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: 5120 Support 2: 5075

Resistance 1:5200    Resistance 2: 5250

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly a trade between 9200-9400 in narrow perspective and in broad perspective it seems to be vary between 9200-9600s.

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

Support 1: 9165    Support 2: 9000

Resistance 1: 9450 Resistance 2: 9600