STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 11TH JANUARY 2012

STOCK MARKET REVIEW: 10^THJANUARY 2012

After three consecutive sessions of consolidation, market rebound today with a vigor. All the sectors had their share in the rally ranging from banking, infrastructure to power and mineral.

 BSE SENSEX ended at 16,165.09, up 350.37 points from the last close. It earlier touched a day's high of 16,180.97 and day’s low of 15,898.32. NSE NIFTY closed at 4,849.55, 107 points up. The index hit an intra-day high of 4,855.90 and an intra-day low of 4,768.25.

The BSE Mid-Cap index gained 2.24% while the BSE Small-Cap index was up around 2.63%.CNX MIDCAP 50 index was up 3.48% and S&P CNX 500 was up 2.27%.

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:

RELIANCE POWER changed 6.6% with 4,706,000 volumes

M&M changed 5.3% with 4,446,000 volumes

RELIANCE INFRA changed 5.2% with 2,508,000 volumes

Today’s Nifty Top losers were:

RANBAXY changed -0.7 % with 34000 volumes

TCS changed -0.5 % with 4,408,331 volumes

AMBUJA changed -0.0 % with 652,000 volumes

TECHNICAL CALLS FOR TODAY: 11^TH JANUARY 2012

DLF

DLF ended yesterday’s market session at 184. Support and resistance levels for the next trading session are:

Resistance 1-186

Resistance 2-188

Support 1- 182

Support 2- 180

JPASSOCIATES

JP ASSOCIATES is expected to vary between the following levels:

Resistance 1-57

Resistance 2-58

Support 1-53

Support 2-51

TATA MOTORS

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

Resistance 1-207

Resistance 2-209

Support 1-203

Support 2-201

NIFTY OUTLOOK FOR TODAY 11^TH JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4800

Support 2: 4745

RESISTANCE LEVELS

Resistance 1: 4895

Resistance 2: 4945

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8665

Support 2: 8555

RESISTANCE LEVELS 

Resistance 1: 8875

Resistance 2: 8995 

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