STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 10TH DECEMBER 2011

STOCK MARKET REVIEW: 9^th DECEMBER 2011

CNX Midcap index was DOWN today: 9^TH DECEMBER 2011, 0.59% about and S&P CNX 500 LOST about 1.36% while BSE small cap index LOST at 0.89% and Midcap LOST at 0.86% respectively.

The BSE Sensex ended at 16213.46 LOSING 278.74 points. The NSE Nifty closed at 4866.70 LOST  76.95 points.

terror from the globe. after passing the fiscal pact there were differences in the european zone which caused another day of panic. golbe again was dominant on the markets and all the world markets tumbled. from very start indian market too crashed and gave almost 350 points negative but it closed with some recovery and gave a some what better close.

Stock market is more likely to expect bearish.

Today’s Nifty Top gainers were:

HINDALCO with volume and changes 1,484,266,179.45and 1.2 %.

DRREDDY with volume and changes 906,911,332.40and 1.1%.

RPOWER with volume and changes 279,692,814.85and 1.1%.

Today’s Nifty Top losers were:

SAIL with volume and changes 718,136,564.65and [5.3] %.

JP ASSOCIATES with volume and changes 1,377,476,941.95and [4.7] %.

M&M with volume and changes 3,301,819,398.40and [3.7] %.

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 4800-5100.

TECHNICAL CALLS FOR TODAY: 12^TH DECEMBER  2011

TATAMOTORS

TATA MOTORS closed today’s session at 183. Support and resistance levels for the share for the next trading session are:

Resistance 1-185

Resistance 2- 187

Support 1- 180

Support 2-177

HINDALCO

HINDALCO has seen trading within the range of 132.15. Expected levels for this script are as follow:

Resistance 1-134

Resistance 2- 135.50

Support 1- 129.50

Support 2-127

SAIL

SAIL closed trading at 83 Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-84.50

Resistance 2- 86

Support 1- 81

Support 2-79.50

NIFTY OUTLOOK FOR TODAY 12^TH DECEMBER 2011

NIFTY SPOT LEVEL
The Nifty Index opened at 4870.75 and finally closed at 4866.70 rallying down 76.95 points (1.56%) The Nifty high and low of the day were 4918.35 and 4841.75 respectively.

The Nifty Futures made a UPTREND of 74.35 points and finally settled at 4882.25. The 30-share BSE Sensex was trading at 16213.46 DOWN 274.78 points.

Market seems to be strongly trades between 4850-4915 in narrow perspective and in broad perspective it seems to be vary between 4800-4975.

TREND – BEARISH.

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

Support 1: 4850   Support 2: 4800

Resistance 1:4915    Resistance 2: 4975

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly a trade between 9100-9350 in narrow perspective and in broad perspective it seems to be vary between 8950-9470.

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

Support 1: 8790 Support 2: 8700

Resistance 1: 8970 Resistance 2: 9190