STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK :4thJANUARY 2012

STOCK MARKET REVIEW: 3^RDJANUARY 2012

Sweet gains for the Indian market on the second trading day. Strong buying across majority of sectors and buying in heavyweights pushed domestic market. Broader indices also mirrored their larger counterparts in trade.

BSE Sensex ended at 15939, up 421 points or 2.72% over the previous close. It had earlier touched a day’s high of 15,970 . It had opened at 15,334. NSE Nifty closed at 4,765, up 128 points or 2.77% over the previous close. It earlier touched a day’s high of 4,773 and a day’s low of 4,675. It had opened at 4,675.

The BSE Mid-Cap index and the BSE Small-Cap index ended higher, up  around 2.42% and 2.33% respectively.

CNX MIDCAP 50 index was up 3.91% and S&P CNX 500 was up 2.73%.

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. 

Today’s Nifty Top gainers were:

DLF changed 6.6%.With volume 1,336,735

KOTAK BANK with volume 7,850,303 and changed 6.4%

TATA STEEL changed 5.7% with volume of 2,524,892

Today’s Nifty Top losers were:

BPCL volume 6,696,9151and changed [1.6] %

M&M with volume 4,408,331and changed [1.4] %

AMBUJA CEMENT with volume 3,731,427and changed [0.9] %

TECHNICAL CALLS FOR TODAY: 4^TH JANUARY 2012

EDU COMP

EDU COMP ended yesterday’s market session at 202. Support and resistance levels for the next trading session are:

Resistance 1-204.75

Resistance 2-207.00

Support 1- 199.85

Support 2- 197.65

IDFC

IDFC is expected to vary between the following levels:

Resistance 1-97.80

Resistance 2-99.55

Support 1-95.40

Support 2-93.95

DEEWAN HOUSING

DEEWAN HOUSING Expected resistance and support levels for the next trading session are:

Resistance 1-207

Resistance 2-210

Support 1-201

Support 2-197

NIFTY OUTLOOK FOR TODAY 4th JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4715

Support 2: 4665

RESISTANCE LEVELS

Resistance 1: 4810

Resistance 2: 4855

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8140

Support 2: 8065

RESISTANCE LEVELS 

Resistance 1: 8435

Resistance 2: 8545