STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK : 9TH FEBRUARY 2012

The market today had a sideways movement today. It opened positive then moved into the red zone, but later managed to close in green. The real estate, metal were market movers. Profit booking at technically important level lead the market down for a little while.

BSE Sensex ended at 17,707 up 84.87 points or 0.48% from the last close. It earlier touched a day's high of 17,809 and day’s low of 17,579.  NSE NIFTY closed at 5,368 up 33.00 points. The index hit an intra-day high of 5,396 and an intra-day low of 5,325.

The BSE Mid-Cap index gained 1.45% while the BSE Small-Cap index was up 0.89%.CNX MIDCAP 50 gained lost 1.09% and S&P CNX 500 was up 0.80%.

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

REL INFRA changed 7.59%.With volume 3,726,000

HINDALCO changed 5.40% with volume 13,798,000and

JP ASSOCIATE changed 4.10% with volume of 18,325,000.

Nifty Losers

Today’s nifty top losers were

ONGC changed -6.81% volumes 6,603,000

ICICI BANK changed -2.06% with volume 22,410,000

TATA STEEL changed -1.15% with volume 34,594,000

NIFTY OUTLOOK FOR TODAY 9th FEBRUARY 2012

NIFTY SPOT LEVEL

TREND – moderately negative

SUPPORT LEVELS

Support 1: 5290

Support 2: 5230

RESISTANCE LEVELS

Resistance 1: 5435     

Resistance 2: 5500

BANK NIFTY FUTURES

TREND- sideways to negative

SUPPORT AND RESISTANCE:

SUPPORT LEVELS

Support 1: 5290

Support 2: 5230

RESISTANCE LEVELS

Resistance 1: 5435     

Resistance 2: 5500

STOCK CASH PICKS FOR TOMORROW

UCO BANK (CASH) SUPPORT 65.75, 60.65 RESISTANCE 77.50, 86.50.

POWER FINANCE CORP. (FUTURES) SUPPORT 180, 175 RESISTANCE 195, 200.