STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 12TH JAN 2012

STOCK MARKET REVIEW: 11^THJANUARY 2012

The quarterly result season round the corner and the anticipation for monetary easing lead the trading session today. The government’s initiative to clear FDI investments, strengthening of dollar has brought confidence back into the investors, although the rate cuts are still a big concern amongst the investors. The market remained range bound today and is likely to remain so tomorrow as well.

 BSE SENSEX ended at 16,175.86, up 10.77 points from the last close. It earlier touched a day's high of 16,244.70 and day’s low of 16,127.77. NSE NIFTY closed at 4,860.95, 11.40 points up. The index hit an intra-day high of 4,877.20 and an intra-day low of 4,841.60.

The BSE Mid-Cap index gained 1.00% while the BSE Small-Cap index was up around 1.32%.CNX MIDCAP 50 index was up 1.10% and S&P CNX 500 was up .53%.

THINGS TO KEEP AN EYE ON FOR TOMORROW 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:

HINDALCO changed 5.85% with 15,398,000 volumes

SESAGOA changed 5.64% with 3,733,000 volumes

AXIS BANK changed 5.45% with 3,106,000 volumes

Today’s Nifty Top losers were:

GRASIM INDUSTRIES with volume 58,000 and changed -2.49%

TCS with volume 2,838,000 and changed -2.56%

JINDAL STEEL with volume 1,750,000 and changed -2.63%

TECHNICAL CALLS FOR TODAY: 12^TH JANUARY 2012

BATA INDIA FUTURES

BATA INDIA FUTURES ended yesterday’s market session at 578. Support and resistance levels for the next trading session are:

Resistance 1-583

Resistance 2-588

Support 1- 573

Support 2- 568

DLF

DLF is expected to vary between the following levels:

Resistance 1-193

Resistance 2-196

Support 1-187

Support 2-184

DEEWAN HOUSING

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

Resistance 1-185.35

Resistance 2-189.75

Support 1-176.00

Support 2-171.10

NIFTY OUTLOOK FOR TODAY 12^TH JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4845

Support 2: 4795

RESISTANCE LEVELS

Resistance 1: 4925

Resistance 2: 4965

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

SUPPORT LEVELS

Support 1: 8765

Support 2: 8655

RESISTANCE LEVELS 

Resistance 1: 8965

Resistance 2: 9045 

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