STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK :3RD JANUARY 2012

STOCK MARKET REVIEW: 2nd january 2012

The first trading session on Dalal Street finished on a positive note, kicking off the new year in green territory after clocking hefty losses last year. One should bear in mind the fact that the advance today came on light trading volumes as many participants were enjoying extended new year holidays. The depth was also missing due to lower participation in the equity markets. 

BSE Sensex ended at 15,517, up 63 points or 0.4% over the previous close. It had earlier touched a day’s high of 15,542 and a day’s low of 15,358. It had opened at 15,534. NSE Nifty closed at 4,636, up 12 points or ~0.3% over the previous close. It earlier touched a day’s high of 4,645 and a day’s low of 4,588. It had opened at 4,640.

The BSE Mid-Cap index was almost unchanged and the BSE Small-Cap index ended slightly higher, up 0.11%.

CNX MIDCAP 50 index was up 0.67% and S&P CNX 500 was up 0.13%.

THINGS TO KEEP AN EYE ON FOR TOMMOROW SESSION:

Events that could dictate the direction of the markets this month include corporate earnings, latest economic data, RBI’s policy action and trends in global markets. The new rule from the central bank and stock market regulator is expected to take effect by Jan. 15, the Government said in a statement. Currently, individual investors can only invest in Indian shares through so-called participatory notes. 

Today’s Nifty Top gainers were:

COAL INDIA changed 3.8%.With volume 1,336,735

TATA MOTORS with volume 7,850,303 and changed 2.9%

R.COMM changed 2.9% with volume of 2,524,892

Today’s Nifty Top losers were:

BAJAJ AUTO volume 6,696,9151and changed [7.3] %

SESA GOA with volume 4,408,331and changed [3.9] %

HERO MOTOCOP with volume 3,731,427and changed [3.5] %

TECHNICAL CALLS FOR TODAY: 3rd JANUARY 2012

COAL INDIA

COAL INDIA Support and resistance levels for the next trading session are:

Resistance 1-310

Resistance 2-305

Support 1- 317

Support 2- 321

GRAVITA

GRAVITA is expected to vary between the following levels:

Resistance 1-396

Resistance 2-394

Support 1-406

Support 2-412

R.COMM

R.COMM Expected resistance and support levels for the next trading session are:

Resistance 1-44.15

Resistance 2-46.25

Support 1-41.10

Support 2-39.75

NIFTY OUTLOOK FOR TODAY 3rd JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4585

Support 2: 4530

RESISTANCE LEVELS

Resistance 1: 4685

Resistance 2: 4735

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

SUPPORT LEVELS

Support 1: 7910

Support 2: 7820

RESISTANCE LEVELS 

Resistance 1: 8115

Resistance 2: 8205