NIFTY LEVELS AND MARKET OVERVIEW : 5 AUGUST 11

STOCK MARKET REVIEW 

CNX Midcap index was down 0.69% about while BSE small cap index also lost 0.57%. The Indian markets ended near day's low on Thursday, extending their losing streak into the third straight trading session. The NSE Nifty has slipped over 160 points in the last three days with the index closing below the 5350 levels for the first time since June 26. The BSE Sensex ended at 17,693 losing 247 points. It had earlier touched a day's high of 18,032.

The decline was led by Realty, Auto, FMCG and Metals stocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.

Today’s Nifty Top gainers were:

BPCL with volume and changes 8,19,353 and 3.49 %

GAIL with volume and changes 10,40,945 and 0.85 %

RCOM with volume and changes 69,36,386 and 0.61 %

Today’s Nifty Top losers were:

RANBAXY with volume and changes 6,03,364 and 4.13 %

RELCAPITAL with volume and changes 13,00,330 and 4.00 %

M&M with volume and changes 25,88,861 and 3.96 %.

Tomorrow market would be down due to weak global market and problematic political condition in the country.

Nifty can be expected to follow up trend. It seems to be vary between 5230-5440

SHARE TO PICKS:

Cipla

cipla Script has traded in heavy volume on thursday. Shares closed the today’s session at 306. Support and resistance levels for the share for the next trading session are:

Resistance 1-309,

Resistance 2- 316

Support 1- 301

Support 2- 208

RANBAXY

RANBAXY has seen trading within the range of 531 to 555 on Thursday. Expected levels for this script are as follow:

Resistance 1-540   

Resistance 2- 557

Support 1- 525   

Support2- 510

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 5,412.40 and finally closed at 5,331.80 rallying down 73.00 points (1.35%). The Nifty high and low of the day were 5,434.50and 5,323.15 respectively.

The Nifty Futures made a down rally of 73.00 points or (1.35%) and finally settled at 5,331.80. The 30-share BSE Sensex was trading at 17,693.18 down 247.37 points.

The Indian markets ended near day's low on Thursday, extending their losing streak into the third straight trading session. The NSE Nifty has slipped over 160 points in the last three days with the index closing below the 5350 levels for the first time since June 26. The BSE Sensex ended at 17,693 losing 247 points. It had earlier touched a day's high of 18,032.

The decline was led by Realty, Auto, FMCG and Metals stocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.

Market seems to be down due to weak global market and problematic political condition in the country and strongly trades between 5290-5375 in narrow perspective and in broad perspective it seems to be vary between 5230-5440

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5290         Support 2: 5230

Resistance 1: 5375     Resistance 2: 5440

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trades between 10430 –10640 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10300-10750.

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10430      Support 2: 10300

Resistance 1: 10640   Resistance 2: 10750

NIFTY LEVELS AND MARKET OVERVIEW : 4 AUGUST 2011

STOCK MARKET REVIEW 

CNX Midcap index was down 0.27% about while BSE small cap index also lost 0.66%.

Investors were vexed over the health of the global economy due to poor economic data that took the limelight of congressional deal to raise America’s debt ceiling to avoid a first-ever default.

The key indices declined for the second straight day. The Sensex closed lower by 169 points at 17941 and the Nifty fell 52 points to shut at 5405. The trading sentiment remained bearish and the markets closed the session on a negative note.

Today’s decline was led by the index heavyweights like L&T, Tata Motors, Axis Bank, Bajaj Auto and DLF, dragging the Nifty to an intra-day low of 5379. However, the index recovered towards the end and managed to hold above the 5400 levels.

Today’s Nifty Top gainers were:

SAIL with volume and changes 3.18 27,51,757 and 3.18 %

RELINFRA with volume and changes 11,27,334 and 2.50 %

SESAGOA with volume and changes 35,17,941 and 2.25 %

Today’s Nifty Top losers were:

LT with volume and changes 28,33,569 and 4.23 %

TATAMOTORS with volume and changes 17,86,057 and 2.95 %

AXISBANK with volume and changes 18,33,923 and 2.87 %.

As the investors are jittery due to the weak global market and flocking to other safe havens, also   Nifty has ended below its ascending support trend line, which indicates that further sell-off on Dalal Street is possible. Hopefully, we may see a rebound after a two-day selloff. US index futures gained so we may expect the positive global market on Thursday.

Nifty can be expected to follow up trend. It seems to be vary between 5330-5480

SHARES TO PICK:

ADANI POWER

ADANI POWER Script has traded in heavy volume on Wednesday. Shares closed the today’s session at 101. Support and resistance levels for the share for the next trading session are:

Resistance 1-105

Resistance2- 109

Support 1- 96  

Support 2- 93

HINDUSTAN MOTORS

Hindustan motor has seen trading within the range of 16.80 to 17.80 on Wednesday. Expected levels for this script are as follow:

Resistance 1-19  

Resistance2- 21

Support 1- 15   

Support2- 13

STOCKS TO WATCH

Sell SHRIRAM TRANSPORT below 585

Book First Target at 579 and Second Target at 572

Keep stop loss at 593.45

Buy AANJANEYA at cmp

Book first target at 396 and Second target at 401

Keep stop loss at 387.45

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened up at 5,402.00 and finally closed at 5,404.80 rallying down 51.75 points (0.95%). The Nifty high and low of the day were 5,402.00 and 5,378.85 respectively.

The Nifty Futures made a down rally of 51.75 points or (0.95%) and finally settled at 5,404.80. The 30-share BSE Sensex was trading at 17,940.55 down 169.34 points.

Investors were vexed over the health of the global economy due to poor economic data that took the limelight of congressional deal to raise America’s debt ceiling to avoid a first-ever default.

The key indices declined for the second straight day. The Sensex closed lower by 169 points at 17941 and the Nifty fell 52 points to shut at 5405. The trading sentiment remained bearish and the markets closed the session on a negative note.

Today’s decline was led by the index heavyweights like L&T, Tata Motors, Axis Bank, Bajaj Auto and DLF, dragging the Nifty to an intra-day low of 5379. However, the index recovered towards the end and managed to hold above the 5400 levels.

Market seems to be strongly trades between 5375-5435 in narrow perspective and in broad perspective it seems to be vary between 5330-5480

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5375         Support 2: 5330

Resistance 1: 5435     Resistance 2: 5480

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trades between 10580 –10820 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10440-10940

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10580       Support 2: 10440

Resistance 1: 10820   Resistance 2: 10940