STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 30TH JANUARY 2012

STOCK MARKET REVIEW: 27TH JANUARY 2012

The market today had a sideways movement lead by the capital goods and the petroleum stocks. The market was skeptical about the outcome of the talks going on in Greece and it was also a response to the weak housing data from US.

BSE Sensex ended at 17,233 up 156.80 points or 0.92% from the last close. It earlier touched a day's high of 17,258 and day’s low of 17,106.  NSE NIFTY closed at 5,204 up 46.40 points. The index hit an intra-day high of 5,217 and an intra-day low of 5,162.

The BSE Mid-Cap index gained 0.66% while the BSE Small-Cap index was up 1.30%.CNX MIDCAP 50 index was up 0.67% and S&P CNX 500 was up 0.83%.

THINGS TO KEEP AN EYE ON FOR TOMORROW SESSION:

The global economic scenario and the results of Indian corporate will guide the market.

Nifty Gainers

• SESAGOA changed 7.47%.With volume 8,481,000
• SAIL changed 6.91% with volume 10,176,000 and
• STERLITE changed 6.73% with volume of 10,440,000.

Nifty Losers

• RANBAXY changed -6.82% volumes 12,587,0
• PNB changed -3.59% witH volume 2,789,000
• DLF changed -3.56% with volume 10,716,000

NIFTY OUTLOOK FOR TODAY 30TH JANUARY 2012

NIFTY SPOT LEVEL

TREND – sideways

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS

Support 1: 5160

Support 2: 5061

RESISTANCE LEVELS

Resistance 1: 5320        

Resistance 2: 5400

BANK NIFTY FUTURES

TREND- sideways

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

SUPPORT LEVELS 

Support 1: 9670

Support 2: 9430

RESISTANCE LEVELS 

Resistance 1:10090

Resistance 2: 10320