STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 31 JAN 2012

STOCK MARKET REVIEW: 30^THJANUARY 2012

The market today had a downward 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 profit booking near technically important levels lead market down.

BSE Sensex ended at 16,863 down 370.68 points or -2.15% from the last close. It earlier touched a day's high of 17,138 and day’s low of 16,828.  NSE NIFTY closed at 5,087 down 117.40 points. The index hit an intra-day high of 5,166 and an intra-day low of 5,076.

The BSE Mid-Cap index lost 1.96% while the BSE Small-Cap index was down 1.82%.CNX MIDCAP 50 index lost 2.57% and S&P CNX 500 was down 2.19%.

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

SUNPHARMA changed 1.48%.With volume 1,531,000

RANBAXY changed 1.18% with volume 1,149,000 and

BAJAJ-AUTO changed 0.80% with volume of 441,000.

Nifty Losers

BHEL changed -6.82% volumes 5,399,000

STER changed -7.00% with volume 7,751,000

SESAGOA changed -11.33% with volume 20,869,000

NIFTY OUTLOOK FOR TODAY 31^st JANUARY 2012

NIFTY SPOT LEVEL

TREND – sideways

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 5050

Support 2: 4980

RESISTANCE LEVELS

Resistance 1: 5175        

Resistance 2: 5220

BANK NIFTY FUTURES

TREND- sideways

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

 SUPPORT LEVELS

Support 1: 9530

Support 2: 9330

RESISTANCE LEVELS 

Resistance 1:10090

Resistance 2: 10320

STOCK CASH PICKS FOR TOMORROW

UNION BANK

SUPPORT 1: 190

SUPPORT 2 : 180

RESISTANCE 1:  228

RESISTANCE 2: 245.

TATASTEEL

SUPPORT 1:429

SUPPORT 2: 422

RESISTANCE 1: 443,

RESISTANCE 2: 448.