STOCK MARKET CALLS | ANALYSIS |NIFTY OUTLOOK : 16TH JANUARY 2012

STOCK MARKET REVIEW: 13^THJANUARY 2012

Week ended with solid gains with broader indices closing in green territory. Corporate earning just kicked off this week, and can say was not the good start for it space.

BSE Sensex was up 116.16 points or 0.72%, up about 105 points from the day's low and off about equal points from the day's high. The market breadth was strong. While the Nifty soared 36 points to close at 4867.

The BSE Mid-Cap index gained 1.14% while the BSE Small-Cap index was up around 1.44%.CNX MIDCAP 50 index was up 0.92% and S&P CNX 500 was up 0.78%.

Today’s Nifty Top gainers were:

• RELIANCE POWER changed 7.6% with 15,398,000 volumes
• TATA STEEL changed 6.9% with 3,733,000 volumes
• R.COMM changed 5.8% with 3,106,000 volumes

Today’s Nifty Top losers were:

• GAIL with volume 58,000 and changed -3.1%
• BAJAJ AUTO with volume 58,000 and changed -3.0%
• HCL with volume 2,838,000 and changed -2.0%

TECHNICAL CALLS FOR TODAY: 16^TH JANUARY 2012

R.COMM

R.COMM ended yesterday’s market session at 88. Support and resistance levels for the next trading session are:

Resistance 1-90

Resistance 2-92

Support 1- 86

Support 2- 84

NTPC

NTPC  is expected to vary between the following levels:

Resistance 1-169

Resistance 2-172

Support 1-163

Support 2-159

TATA STEEL

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

Resistance 1-419

Resistance 2-423

Support 1-411

Support 2-396

NIFTY OUTLOOK FOR TODAY 16^TH JANUARY 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 4815

Support 2: 4765

RESISTANCE LEVELS

Resistance 1: 4915

Resistance 2: 4955

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS

Support 1: 8865

Support 2: 8755

RESISTANCE LEVELS 

Resistance 1: 9075

Resistance 2: 9185