STOCK MARKET REVIEW: 13th DECEMBER 2011
CNX Midcap index was down today: 13TH DECEMBER 2011, -0.35% about and S&P CNX 500 gained around 0.43 while BSE small cap index LOST around -0.71 and Midcap LOST around -0.35%.
BSE SENSEX closed at 16,002, up 132 points or 0.8% over the previous close. NSE NIFTY finished at 4,800, up 35 points or 0.7% from the last close.
Main Indian stock indices managed to notch decent gains on Tuesday, breaking the sequence of three straight losing sessions, with the BSE SENSEX ending above 16,000 and the NSE Nifty closing at 4,800.
Tomorrow all eyes will be on the monthly inflation data. This is more likely to give a clue of monetary policy review which is due on 16th December 2011.
Stock market is more likely to expect bearish.
Today’s Nifty Top gainers were:
HINDALCO changed 4.9 %.With volume 13,933,430
GRASIM INDUSTRIES changed 1.4% with volume of 96,909
SAIL with volume 6,174,350 and changed 3.0%.
Today’s Nifty Top losers were:
RELIANCE POWER with volume3, 438,278 and changed [3.5] %
RELIANCE INFRA with volume 1,195,663and changed [2.1] %.
L&T with volume 2,498,567and changed [2.1] %.
Nifty can be expected to follow down trend in a long term. It seems to be varying between 4700-5000.
TECHNICAL CALLS FOR TODAY: 13TH DECEMBER 2011
EDUCOMP
EDUCOMP closed today’s session at 205.60. Support and resistance levels for the share for the next trading session are:
Resistance 1-211
Resistance 2- 223
Support 1- 198
Support 2-189
PFC
PFC has seen trading within the range of 154.05. Expected levels for this script are as follow:
Resistance 1-161
Resistance 2- 169
Support 1- 148
Support 2-139
TATA MOTORS
TATA MOTORS closed trading at 179.70 Expected resistance and support levels for the scrip for the next trading session are:
Resistance 1-187
Resistance 2-195
Support 1- 172
Support 2-163
NIFTY OUTLOOK FOR TODAY 14TH DECEMBER 2011
NIFTY SPOT LEVEL
NSE NIFTY finished at 4,800, up 35 points or 0.7% from the last close. It earlier hit a day’s high of 4,824 and a day’s low of 4,728. It opened at 4,733.
Market seems to be strongly trade between 4750-4920 in narrow perspective and in broad perspective it seems to be vary between 4695-4860.
TREND – BEARISH.
SUPPORT AND RESISTANCE:
The Support and Resistance for Nifty Spot levels
SUPPORT LEVELS
Support 1: 4750
Support 2: 4695
RESISTANCE LEVELS
Resistance 1: 4920
Resistance 2: 4860
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly trade between 8560-8720 in narrow perspective and in broad perspective it seems to be vary between 8820-8350.
TREND- BEARISH
SUPPORT AND RESISTANCE:
The Support and Resistance for Bank Nifty Futures
SUPPORT LEVELS
Support 1: 8560
Support 2: 8350
RESISTANCE LEVELS
Resistance 1: 8720
Resistance 2: 8820
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