STOCK MARKET CALLS|ANALYSIS| NIFTY OUTLOOK : 16TH NOVEMBER 2011

STOCK MARKET REVIEW: 15^th NOVEMBER 2011

CNX Midcap index was down today: 15^th November 2011, 2.58% about and S&P CNX 500 lost about 1.90% while BSE small cap index lost at 2.77% and Midcap lost at 2.58% respectively.

The BSE Sensex ended at 16882.67 losing 236.07 points. The NSE Nifty closed at 5068.50 losing 79.85 points.

Hold tight market can see another downfall as there was an announcement from ECB for further rate cuts. After a side ways opening market all of a sudden tumbled like cards. It was huge selling pressure and negative quarterly which pulled the market with such a pace that no one was able to hold its position.

Stock market is more likely to expect Bullish.

Today’s Nifty Top gainers were:

CIPLA with volume and changes 280,364,754.05and 6.5 %

TATAMOTORS with volume and changes 2,852,405,269.25and 1.9%

HDFC BANK with volume and changes 1,453,835,560.20and 0.2%

Today’s Nifty Top losers were:

DLF with volume and changes 840,860,558.60and [7.2] %

JP ASSOCIATES with volume and changes 766,860,346.55and [6.3] %

RCOM with volume and changes 554,609,464.45and [5.4] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5000-5300.

TECHNICAL CALLS FOR TODAY: 15^th NOVEMBER 2011

M&M

M&M closed today’s session at 759.25. Support and resistance levels for the share for the next trading session are:

Resistance 1-765

Resistance 2- 772

Support 1- 753

Support 2-748

PUNJ LOYD

PUNJ LOYD has seen trading within the range of 51.90. Expected levels for this script are as follow:

Resistance 1-53.50

Resistance 2- 55

Support 1- 50

Support 2-48

PRAKASH CONSTROWELL

PRAKASH CONSTROWELL closed trading at 266.95. Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-280

Resistance 2- 287

Support 1- 258

Support 2-250

NIFTY OUTLOOK FOR TODAY 15^TH NOVEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 5131.20 and finally closed at 5068.50 rallying down 79.85 points (1.55%) The Nifty high and low of the day were 5158.75 and 5052.85 respectively.

The Nifty Futures made a DOWNTREND of 89.90 points and finally settled at 5065.95. The 30-share BSE Sensex was trading at 16882.67 down 236.07 points.

Market seems to be strongly trades between 5035-5140 in narrow perspective and in broad perspective it seems to be vary between 4970-5200.

TREND – BULLISH.

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

Support 1: 5035 Support 2: 4970

Resistance 1:5140    Resistance 2: 5200

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly a trade between 9000-9160 in narrow perspective and in broad perspective it seems to be vary between 8920-9250.

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

Support 1: 9000    Support 2: 8920

Resistance 1: 9160 Resistance 2: 9250