STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 6TH JANUARY 2012

STOCK MARKET REVIEW: 5^THJANUARY 2012

After enjoying two terrific sessions at the start of the New Year, the Indian equity markets have entered into a consolidation phase.

 BSE SENSEX ended at 15,857, down 25 points from the last close. It earlier touched a day's high of 15,980 and day’s low of 15,809. NSE NIFTY closed at 4749.95, nearly unchanged. The index hit an intra-day high of 4780 and an intra-day low of 4730.

The BSE Mid-Cap index LOST 0.69% while the BSE Small-Cap index was up around 11.85%.CNX MIDCAP 50 index was down 0.26% and S&P CNX 500 was up 0.03%.

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:

CAIRN INDIA changed 3.9%.With volume 1,336,735

PNB BANK with volume 7,850,303 and changed 3.5%

BAJAJ AUTO changed 3.0% with volume of 2,524,892

Today’s Nifty Top losers were:

DLF volume 23749.74 and changed [3.8] %

GAIL with volume 4,408,331and changed [3.4] %

RELIANCE IND. with volume 3,731,427and changed [2.3] %

TECHNICAL CALLS FOR TODAY: 6^TH JANUARY 2012

TATA MOTORS

TATA MOTORS ended yesterday’s market session at 202.10. 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

EXIDE INDUSTRIES

EXIDE INDUSTRIES is expected to vary between the following levels:

Resistance 1-117.60

Resistance 2-119.55

Support 1-113.40

Support 2-111.95

IDFC

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

Resistance 1-101.60

Resistance 2-103.25

Support 1-99.45

Support 2-98.20

NIFTY OUTLOOK FOR TODAY 6^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: 8320

Support 2: 8115

RESISTANCE LEVELS 

Resistance 1: 8325

Resistance 2: 8430