Tuesday 31 January 2012

STOCK MARKET TODAY: 1ST FEBRUARY 2012


NIFTY SPOT LEVEL: 1st FEBRUARY 2012
The next trading is expected between the broad levels of 5315-5140. If the market breaches the level of 5315 on the upper side then the next resistance level will be 5356. The trading session was positive and nifty ended almost 1.4% up from previous close.

SUPPORT LEVELS

Support 1: 5140
Support 2: 5075
RESISTANCE LEVELS
Resistance 1: 5315        
Resistance 2: 5365
BANK NIFTY FUTURES: 1st February  2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10140-9700. Bank nifty futures is expected to see upward movement. The opposite side once breaking the level of 9700, the bank nifty will find support on 9520.

SUPPORT LEVELS
Support 1: 9700   
Support 2: 9520
RESISTANCE LEVELS 
Resistance 1:10140
Resistance 2: 10340
STOCK MARKET ANALYSIS: 31st JANUARY 2012

BSE Sensex ended at 17,193 up 330.25 points or 1.96% from the last close. It earlier touched a day's high of 17,238 and day’s low of 16,965.  NSE NIFTY closed at 5,199 up 111.95 points. The index hit an intra-day high of 5,215 and an intra-day low of 5,120.
The BSE Mid-Cap index gained 1.99% while the BSE Small-Cap index was up 1.41%.CNX MIDCAP 50 index gained 2.59% and S&P CNX 500 was down 2.18%.

Nifty Gainers

Today’s nifty top gainers were :
HINDALCO changed 8.07%.With volume 11,436,000.
RCOM changed 7.31% with volume 10,445,000.
SESAGOA changed 7.12% with volume of 5,534,000.
Nifty Losers

Today’s nifty top losers were:
COAL INDIA changed -2.31% volumes 6,397,000.
SIEMENS changed -1.86% with volume 854,000 .
PNB changed -1.19% with volume 2,098,000.
TECHNICAL CALLS FOR TOMORROW
BUY CENTRAL BANK CMP 84.95
FIRST TARGET: 87
SECOND TARGET: 95
BUY CHAMBAL FERTILISER CMP 84.85
FIRST TARGET: 87.60
SECOND TARGET: 89.90
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