STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 5TH JAN 2012

STOCK MARKET REVIEW: 4^THJANUARY 2012

Following an implausible rally in the earlier trading session, the Indian equity markets gave the impression to lose some mist as the early New Year global rally washed out and investors turned watchful ahead of important economic announcements in the coming days.

BSE SENSEX ended at 15,882, down 56 points or 0.4% from the last close. It earlier touched a day's high of 16,004 and day’s low of 15,822.  NSE NIFTY closed at 4750 marginally down 16 points. The index hit an intra-day high of 4783 and an intra-day low of 4723.

The BSE Mid-Cap index gained 0.2% while the BSE Small-Cap index was up 0.2%.CNX MIDCAP 50 index was down 0.26% and S&P CNX 500 was down 0.16%.

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:

HCL changed 3.8%.With volume 1,336,735

TATA MOTORS with volume 7,850,303 and changed 3.7%

RANBAXY changed 2.7% with volume of 2,524,892

Today’s Nifty Top losers were:

BAJAJ AUTO volume 6,696,9151and changed [4.6] %

M&M with volume 4,408,331and changed [3.8] %

ACC CEMENT with volume 3,731,427and changed [3.4] %

TECHNICAL CALLS FOR TODAY: 5^TH JANUARY 2012

EDU COMP

EDU COMP ended yesterday’s market session at 203.70. Support and resistance levels for the next trading session are:

Resistance 1-205.75

Resistance 2-207.00

Support 1- 199.95

Support 2- 197.65

DLF

DLF is expected to vary between the following levels:

Resistance 1-190.80

Resistance 2-193.55

Support 1-185.40

Support 2-183.95

DEEWAN HOUSING

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

Resistance 1-196.35

Resistance 2-198.75

Support 1-192.00

Support 2-191.10

NIFTY OUTLOOK FOR TODAY 5^TH JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4685

Support 2: 4645

RESISTANCE LEVELS

Resistance 1: 4800

Resistance 2: 4845

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8280

Support 2: 8190

RESISTANCE LEVELS 

Resistance 1: 8485

Resistance 2: 8590