STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 3RD FEBRUARY 2012

STOCK MARKET REVIEW: 2ND FEBRUARY 2012

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

BSE Sensex ended at 17,431 up 131.27 points or 0.76% from the last close. It earlier touched a day's high of 17,504 and day’s low of 17,308.  NSE NIFTY closed at 5,269 up 34.20 points. The index hit an intra-day high of 5,289 and an intra-day low of 5,225.

The BSE Mid-Cap index gained 0.55% while the BSE Small-Cap index was up 0.54%.CNX MIDCAP 50 index gained 0.52% and S&P CNX 500 was up 0.70%.

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

• BHARTIARTL changed 6.48%.With volume 25,324,000
• HCLTECH changed 5.28% with volume 2,176,000 and
• ACC changed 5.16% with volume of 552,000.

Nifty Losers

 Today’s nifty top losers were

• IDFC changed -5.04% volumes 17,367,000
• RCOM changed -4.28% with volume 45,493,000
• RPOWER changed -2.46% with volume 5,305,000

NIFTY OUTLOOK FOR TODAY 3RD FEBRUARY 2012

NIFTY SPOT LEVEL

TREND – moderately positive

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 5200

Support 2: 5016

RESISTANCE LEVELS

Resistance 1: 5325        

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 3RD FEBRUARY 2012

ANDHRA BANK SUPPORTS 98.30, 94.20 RESISTANCES 111.80, 115.

ALLD BANK FUTURES SUPPORT 158, 148.50 RESISTANCES 173.80, 180.