NIFTY LEVELS AND MARKET REVIEW : 10 AUGUST 11

STOCK MARKET REVIEW 

CNX Midcap index was down 1.10% about while BSE small cap index also lost 2.05%. The market saw huge swings before closing the trade. India's volatility index hit an all-time high of 34.31 on global uncertainties. The 30-share BSESensex fell 132.27 points, to close at 16,857.91 after swinging 700 points. The 50-share NSE Nifty dropped 45.65 points, to end at 5,072.85. 

Finally, the BSE Sensex ended at 16,858 losing 132 points. It had earlier touched a day's high of 17,135 and a day's low of 16,432. It opened at 16,517. The NSE Nifty closed at 5,072 losing 46 points.

IT, Telecom, Metals and Pharma stocks were the top losers. The Mid-Cap and the Small-Cap stocks also closed lower.

Today’s Nifty Top gainers were:

M&M with volume and changes 47,47,917 and 4.72 %

AMBUJACEM with volume and changes 29,86,851 and 3.28 %

DLF with volume and changes 1,33,15,572 and 3.27 %

Today’s Nifty Top losers were:

RPOWER with volume and changes 72,37,303 and 6.84 %

RELINFRA with volume and changes 19,49,724 and 6.31 %

RCOM with volume and changes 89,01,586 and 5.12 %.

Nifty can be expected to follow down trend. It seems to be vary between 4960-5195

SHARES TO PICK:

Indian Oil Corporation

Indian Oil Corporation has seen trading within the range of 335 to 344 on MONDAY. Expected levels for this script are as follow:

Resistance 1 -341  

Resistance 2- 345

Support 1- 333

Support 2- 328

Mahanagar Telephone Nigam

Mahanagar Telephone Nigam closed trading at 39 on Tuesday. Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-35

Resistance2- 31

Support 1- 42

Support2- 44

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 4,947.90 and finally closed at 5,072.85 rallying down 45.65 points (0.89%). The Nifty high and low of the day were 5,167.00 and 4,946.45 respectively.

The Nifty Futures made a down rally of 45.65 points or (0.89%) and finally settled at 5,072.85. The 30-share BSE Sensex was trading at 16,857.91 down 132.27 points.

Market seems to be strongly trades between 5030-5120 in narrow perspective and in broad perspective it seems to be vary between 4960-5195

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5030         Support 2: 4960

Resistance 1: 5120     Resistance 2: 5195

BANK NIFTY FUTURES

Bank Nifty closed at 10250 up by 7

Bank Nifty Futures seems to be strongly trades between 10050–10375 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 9920-10520.

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10050      Support 2: 9920

Resistance 1: 10375   Resistance 2: 10520

NIFTY LEVELS AND MARKET OVERVIEW : 9 AUGUST 11

STOCK MARKET REVIEW 

CNX Midcap index was down 1.27% about while BSE small cap index also lost 2.23%. The BSE Sensex ended at 16,990 losing 315 points. It had earlier touched a day's high of 17,247 and a day's low of 16,759 the renewed 52 week low. It opened at 16,907. The NSE Nifty closed at 5,119 losing 93 points it also touched the new 52 week low of 5,054.05.\

Today’s decline was mainly led by a selloff in Realty, IT, Telecom and Metals stocks. Power and Banking were other notable losers. Overall, the trade was highly negative with all the sectoral indices ending in the red. The Mid-Cap and the Small-Cap indices also witnessed heavy offloading.

Today’s Nifty Top gainers were:

HEROMOTCO with volume and changes 4,46,162 and 3.85 %

M&M with volume and changes 25,64,829 and 2.70 %

PNB with volume and changes 3,20,716 and 2.27 %

Today’s Nifty Top losers were:

RELCAPITAL with volume and changes 19,66,585 and 7.68 %

HINDALCO with volume and changes 1,30,43,500 and 7.52 %

RPOWER with volume and changes 35,39,651 and 7.31 %.

Nifty can be expected to follow up trend. It seems to be vary between 4995-5195

SHARES TO PICK:

GMR INFRA

GMR INFRA  Script has traded in heavy volume on MONDAY. Shares closed the today’s session at 29.45. Support and resistance levels for the share for the next trading session are:

Resistance 1-31

Resistance 2- 36

Support 1- 26

Support2- 23

JUBILANT LIFE SCIENCES

Jubilant Life Sciences has seen trading within the range of 199 to 185 on MONDAY. Expected levels for this script are as follow:

Resistance 1-200  

Resistance 2- 205

Support 1- 186 

Support 2- 180

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 5,083.85 and finally closed at 5,118.50 rallying down 92.75 points (1.78%). The Nifty high and low of the day were 5,204.20 and 5,054.05 respectively.

The Nifty Futures made a down rally of 92.75 points or (1.78%) and finally settled at 5,118.50. The 30-share BSE Sensex was trading at 16,990.18 down 315.69 points. Today’s decline was mainly led by a selloff in Realty, IT, Telecom and Metals stocks. Power and Banking were other notable losers. Overall, the trade was highly negative with all the sectoral indices ending in the red. The Mid-Cap and the Small-Cap indices also witnessed heavy offloading.

Market seems to be strongly trades between 5045-5150 in narrow perspective and in broad perspective it seems to be vary between 4995-5195

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5045         Support 2: 4995

Resistance 1: 5150     Resistance 2: 5195

BANK NIFTY FUTURES

Bank Nifty closed at 10267 down by 80

Bank Nifty Futures seems to be strongly trades between 10050–10375 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 9930-10500.

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10050      Support 2: 9930

Resistance 1:10375   Resistance 2: 10500

NIFTY LEVELS ANF MARKET OVERVIEW : 08 AUGUST 2011

STOCK MARKET REVIEW 

CNX Midcap index was down 1.78 % about while BSE small cap index also lost 3.08 %.The BSE sensex finally closed at 17,305 made low of 387 points or 2.2% over the previous close and the nifty closed at 5211 after making the 52 week low of 5116.

It had earlier touched a 52 week low of 16,990.

The initial exultation over the US debt deal gave way to concerns about the health of the global economy. Adding up concerns have also surfaced over the adverse implications of the large spending cuts in US.

Today’s Nifty Top gainers were:

BPCL with volume and changes 14,93,199 and 1.87 %

HINDALCO with volume and changes 1,15,05,554 and 1.52 %

ONGC with volume and changes 56,15,738 and 1.48 %

Today’s Nifty Top losers were:

RCOM with volume and changes 86, 55,662 and 6.66 %

RELINFRA with volume and changes 13,60,272 and 7.35 %

SESAGOA with volume and changes 41, 37,571 and 5.75 %.

Nifty can be expected to follow up trend. It seems to be vary between 5110-5310

SHARE TO PICKS:

JAIN IRRIGATION SYSTEM

JAIN IRRIGATION SYSTEM has seen trading within the range of 164 to 169 on Thursday. Expected levels for this script are as follow:

Resistance 1- 172 

Resistance 2- 176

Support 1- 160  

Support 2- 155

Bombay Dyeing

Bombay Dyeing has seen trading within the range of 322 to 335 on Wednesday. Expected levels for this script are as follow:

Resistance 1- 337   

Resistance 2- 340

Support 1- 320  

Support 2- 314

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 5,204.35 and finally closed at 5,211.25 rallying down 120.55 points (2.26%). The Nifty high and low of the day were 5,229.65 and 5,116.45 respectively.

The Nifty Futures made a down rally of 120.55 points or (2.26%) and finally settled at 5,211.25. The 30-share BSE Sensex was trading at 17,305.87 down 387.31 points.

The initial exultation over the US debt deal gave way to concerns about the health of the global economy. Adding up concerns have also surfaced over the adverse implications of the large spending cuts in US.

Market seems to be strongly trades between 5165-5255 in narrow perspective and in broad perspective it seems to be vary between 5110-5310

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5165         Support 2: 5110

Resistance 1: 5255     Resistance 2: 5310

BANK NIFTY FUTURES

Bank Nifty closed at 10354.50

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: 10175      Support 2: 10040

Resistance 1: 10480   Resistance 2: 10600

NIFTY LEVELS AND MARKET OVERVIEW : 26TH JULY 11

STOCK MARKET REVIEW

CNX Midcap index was up 0.75% about while BSE smallcap index also gained 0.50% The BSE Sensex was 18,871, up 149 points over the previous close. NSE Nifty was quoting 5,677, up 46 points over the previous close.

Markets extended rise for the second day after good gains in index heavyweights like RIL, Bharti Airtel, Reliance Communications, M&M, L&T. Auto, telecom, capital goods and pharma shares supported the markets. The Nifty hit highest level in more than two weeks.

Today’s Nifty Top gainer were  :

RCOM with volume and changes 3,15,61,087 and 13.84%

M&M with volume and changes 20,44,486 and  3.26%

AXISBANK with volume and changes 24,30,128 and  3.28%

Today’s Nifty Top losers were :

ITC with volume and changes 93,12,170 and 1.13 %

CIPLA  with volume and changes 12,36,691 and  1.54%

In upcoming trading session market  can be expected to follow uptrend. It seems to be vary between 5605   - 5780

TECHNICAL OUTLOOK FOR THE DAY

THOMAS COOK

THOMAS COOK is going to announce the quarter result on 26TH July. The script closed trading at 50.95.Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1-52

Resistance 2- 53

Support 1- 50

Support 2- 49

PIDILITE INDUSTRIES

PIDILITE INDUSTRIES is going to announce its first quarter results on 26TH July. It has seen trading within the bounded range before the result day. expected resistance and support levels are:

Resistance 1-178

Resistance 2- 180

Support 1- 174 

Support 2- 171

NIFTY SPOT LEVEL
                                                                                                        

The Index opened up at  5,633.80 and finally closed at 5,680.30  rallying up +46.35 points (0.82%) The Intraday high and low of the day were 5,700.55 and 5,616.70 respectively.

The Nifty Futures also made an up rally of  46.35 points or (0.82%)  and finally settled at 5,680.30 . The 30-share BSE Sensex was trading at 18,871.29 up 148.99 points.

Markets extended rise for the second day after good gains in index heavyweights like RIL, Bharti Airtel, Reliance Communications, M&M, L&T. Auto, telecom, capital goods and pharma shares supported the markets. The Nifty hit highest level in more than two weeks.

In upcoming trading session market market can be expected to follow uptrend, strategy for tomorrow will be buy on dips .Seems to be strongly trades between 5645 – 5740  in  narrow perspective and in broad perspective it seems to be vary between 5605 - 5780

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

Support 1: 5645        Support 2 : 5605  

Resistance 1:  5740     Resistance 2: 5780

BANK NIFTY FUTURES

Bank Nifty Futures finally settled 11406 up by 96

In upcoming trading session market is expected to follow uptrend if it strongly trades between 11270–11505 is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  11160  - 11625

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 11270       Support 2:   11160   

Resistance 1: 11505   Resistance 2: 11625

STOCKS OF WATCH


Buy OBC at cmp.

Book first target at 378 and second target at 382.

Keep the  stop loss at 369.65

Buy AXIS BANK above the level1340.

Book first target at 1348 and Second target at 1360.

Keep the stop loss at 1325.45

Buy HCL TECH at cmp

Book first target at  521 and second target at 526

Keep the stop loss at 509.65

Buy TECH MAHINDRA at cmp.

Book first target at 779 and Second target at 788.

Keep the stop loss at 763.45

Buy BATA FUTURES above 645.

Book first target at  648 and second target at 653.

Keep stoploss at  stop loss 640.85

DAILY LEVEL AND MARKET OVERVIEW : 25 JULY 11

Nifty Spot Level
                                                                                                           

The Index opened up  at  5,576.95 and finally closed at 5,633.95 rallying up 92.35 points (1.67%) The Intraday high and low of the day were 5,642.20 and 5,567.10  respectively.

The Nifty Futures also made an down rally of 92.35  points or (1.67%)and finally settled at 5,633.95.The 30-share BSE Sensex was trading at 18,722.30  up +286.11 points.

Indian market extended those early morning gains into mid afternoon trade; thanks largely to a worldwide rally after European Union leaders announced a new rescue package for Greece and  sentiments supported by media reports that US President Barack Obama is close to reaching an agreement with the House Republicans on the debt ceiling issue.

 

The top gainers include Oil & Gas, IT, Banking, Capital Goods and  Auto indices. Metals, Power and Pharma indices are the other notable gainers. The Consumer Durables index is the only loser, down 0.5%. The Realty index is also under-performing the rest of the indices.

In upcoming trading session market market can be expected to follow uptrend after some correction in the early session on monday. Seems to be strongly trades between 5600 – 5660  in  narrow perspective and in broad perspective it seems to be vary between 5560 - 5695

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

Support 1: 5600          Support 2 :5560  

Resistance 1:  5660    Resistance 2 : 5695

 

For more info log on to http://niftytips-niftyfutures.blogspot.com

Bank Nifty Futures

Bank Nifty Futures  finally settled 11314 up by 247.

In upcoming trading session market is expected follow uptrend after some correction in the early session on monday if it strongly trades between 11190–11415  is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  11050 - 11570

SUPPORT AND RESISTANCE:

The Support  and Resistance Zone for Bank Nifty Futures would be 

Support 1: 11190        Support 2:   11050   

Resistance 1: 11415    Resistance 2: 11570