STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK :2ND JANUARY 2012

STOCK MARKET REVIEW: 30^THDECEMBER 2011

On the last market session of the year market took bullish breath, it was just when the traders put that down that market will stay firm in green zone, market retreated from day’s high and closed in red zone.

BSE SENSEX could not hold it even above 15500 mark after closing below 15600 mark yesterday. It closed the lid today at 15454 down 89 points. And NSE NIFTY put the lid down 21 points at 4626.

The BSE SMALL-CAP index was up 0.09 and the BSE MIDCAP index was up 0.35% apiece.

CNX MIDCAP index was up 0.55% and S&P CNX 500 was down -0.27%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Events that could dictate the direction of the markets next month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. 

Today’s Nifty Top gainers were:

CAIRN INDIA changed 3.3%.With volume 1,336,735

R.COMM with volume 7,850,303 and changed 2.9%

SESA GOA changed 2.2% with volume of 2,524,892

Today’s Nifty Top losers were:

KOTAK volume 6,696,9151and changed [3.5] %

IDFC with volume 4,408,331and changed [3.3] %

RELIANCE INDUS with volume 3,731,427and changed [2.7] %

TECHNICAL CALLS FOR TODAY: 2^ND JANUARY 2012

SESA GOA

SESA GOA Support and resistance levels for the next trading session are:

Resistance 1-165

Resistance 2-167

Support 1- 162

Support 2- 159

RAYMOND

RAYMOND is expected to vary between the following levels:

Resistance 1-313

Resistance 2-311

Support 1-307

Support 2-305

HIND COPPER

HIND COPPER Expected resistance and support levels for the next trading session are:

Resistance 1-188

Resistance 2-190

Support 1-184

Support 2-182

NIFTY OUTLOOK FOR TODAY 2^ND JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4575

Support 2: 4530

RESISTANCE LEVELS

Resistance 1: 4680

Resistance 2: 4725

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 7855

Support 2: 7745

RESISTANCE LEVELS 

Resistance 1: 8045

Resistance 2: 8150