STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 1ST FEBRUARY 2012

STOCK MARKET REVIEW: 31^st JANUARY 2012

The market today had a upward movement lead by the banks and the metal stocks. The market was skeptical about the outcome of the talks going on in Greece but the hope of finding a sound solution has made rupee appreciate.

BSE Sensex ended at 17,193 up 330.25 points or 1.96% from the last close. It earlier touched a day's high of 17,238 and day’s low of 16,965.  NSE NIFTY closed at 5,199 up 111.95 points. The index hit an intra-day high of 5,215 and an intra-day low of 5,120.

The BSE Mid-Cap index gained 1.99% while the BSE Small-Cap index was up 1.41%.CNX MIDCAP 50 index gained 2.59% and S&P CNX 500 was down 2.18%.

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

• HINDALCO changed 8.07%.With volume 11,436,000
• RCOM changed 7.31% with volume 10,445,000 and
• SESAGOA changed 7.12% with volume of 5,534,000.

Nifty Losers

• COALINDIA changed -2.31% volumes 6,397,000
• SIEMENS changed -1.86% with volume 854,000
• PNB changed -1.19% with volume 2,098,000
  

NIFTY OUTLOOK FOR TODAY 1^ST FEBRURAY  2012

NIFTY SPOT LEVEL

TREND – sideways

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 5140

Support 2: 5075

RESISTANCE LEVELS

Resistance 1: 5315        

Resistance 2: 5365

BANK NIFTY FUTURES

TREND- sideways

SUPPORT AND RESISTANCE:

The Support and Resistance for Bank Nifty Futures

Support 1: 9700   

Support 2: 9520

RESISTANCE LEVELS 

Resistance 1:10140

Resistance 2: 10340

STOCK CASH PICKS FOR TOMORROW

CENTRAL BANK (CASH)

SUPPORT 1: 79,  

SUPPORT 2: 75 

RESISTANCE 1: 87,

RESISTANCE 2: 95.

CIRN INDIA (FUTURES) 

SUPPORT 1: 330,S

SUPPORT 2: 320 

RESISTANCE 1: 345,  

RESISTANCE 2: 355.