STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK

STOCK MARKET REVIEW: 1ST FEBRUARY 2012

The market today had a upward movement lead by the capital goods, metal and auto stocks.

BSE Sensex ended at 17,300 up 107.03 points or 0.62% from the last close. It earlier touched a day's high of 17,327 and day’s low of 17,061.  NSE NIFTY closed at 5,235 up 36.45 points. The index hit an intra-day high of 5,244 and an intra-day low of 5,159.

The BSE Mid-Cap index gained 1.12% while the BSE Small-Cap index was up 1.71%.CNX MIDCAP 50 index gained 1.24% and S&P CNX 500 was down 0.85%.

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

Today’s nifty top gainer were

• TATAPOWER changed 6.54%.With volume 5,124,000
• JINDALSTEL changed 6.29% with volume 3,328,000 and
• TATASTEEL changed 5.12% with volume of 8,208,000.

Nifty Losers

Today’s nifty top losers were

• COALINDIA changed -2.95% volumes 10,018,000
• BPCL changed -2.07% with volume 541,000
• ICICIBANK changed -1.46% with volume 7,967,000

NIFTY OUTLOOK FOR TODAY 2ND FEBRUARY 2012

NIFTY SPOT LEVEL

TREND – moderately positive

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 5160

Support 2: 5075

RESISTANCE LEVELS

Resistance 1: 5300        

Resistance 2: 5365

BANK NIFTY FUTURES

TREND- sideways

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 9760   

Support 2: 9650

RESISTANCE LEVELS 

Resistance 1:10140

Resistance 2: 10340

STOCK CASH PICKS FOR TOMORROW

RECLTD SUPPORT 201.35, 196.60 RESISTANCE 212, 217.

RANBAXY FUTURES SUPPORT 442.65, 438.30 RESISTANCE 459.20, 463.90.