STOCK MARKET REVIEW: 26THDECEMBER 2011
After a breather on Friday, the Indian market resumed its up-trend on Monday, kicking off the last trading week of the year on a positive note. But, trading volumes were light due to year-end Christmas holidays.
The BSE SENSEX ended at 15,970, up 232 points or 1.5% over the previous close. It had earlier touched a day’s high of 15,998 and a day’s low of 15,761. It opened at 15,782. NSE Nifty closed at 4,779, up 65 points or 1.4% over the previous close. It earlier touched a day’s high of 4,787.
CNX MIDCAP index was up 0.77% and S&P CNX 500 was up 1.18%.
CNX MIDCAP index was up 0.77% and S&P CNX 500 was up 1.18%.
The BSE Small-Cap index and the BSE Mid-Cap index were up 1% and 0.8%, respectively.
THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:
The Lokpal logjam will certainly grab markets’ attention this week. The Parliament will also hold a three-day session to debate the New Lokpal Bill. Corporate earnings and the RBI policy meet are the key events next month. February is a big month with seven-phase election scheduled in Uttar Pradesh. The Union Budget may be deferred to March, according to media reports. There is no official confirmation of the same from the Finance Ministry as yet.
Today’s Nifty Top gainers were:
BHARTI AIRTEL changed 4.3%.With volume 3,666,822
HERO MOTOCORP with volume 368,195 and changed 3.9%
R.COMM changed 3.5% with volume of 5,149,765
Today’s Nifty Top losers were:
BPCL volume 622,155and changed [1.1] %
RANBAXY with volume 883,599and changed [1.1] %
AXIS with volume 649,455 and changed [0.9] %
TECHNICAL CALLS FOR TODAY: 27 th DECEMBER 2011
WIPRO
WIPRO Support and resistance levels for the next trading session are:
Resistance 1-409
Resistance 2-416
Support 1- 398
Support 2- 391
AXIS BANK
AXIS BANK is Expected to vary between the following levels :
Resistance 1-889
Resistance 2-896
Support 1- 876
Support 2- 869
BHEL
BHEL Expected resistance and support levels for the next trading session are:
Resistance 1-245
Resistance 2-250
Support 1-236
Support 2-231
NIFTY OUTLOOK FOR TODAY 27thDECEMBER 2011
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4730
Support 2: 4690
RESISTANCE LEVELS
Resistance 1: 4830
Resistance 2: 4870
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly trade between 8290-8485 in narrow perspective and in broad perspective it seems to be varying between 8175-8595.
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS
Support 1: 8290
Support 2: 8080
RESISTANCE LEVELS
Resistance 1: 8500
Resistance 2: 8655
1 comments:
Happy new year to all may this year brings lots of happiness to you and your family.God Bless you have a great year ahead.
Thanks&Regards stock market
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