STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK :8TH FEBRUARY 2012

STOCK MARKET REVIEW: 7th FEBRUARY 2012

The market today had a sideways movement today which later went down into the negative territory. Dragging Greece talks and profit booking lead the market down.

BSE Sensex ended at 17,622 down 84.86 points or 0.48% from the last close. It earlier touched a day's high of 17,832 and day’s low of 17,582.  NSE NIFTY closed at 5,335 down 26.50 points. The index hit an intra-day high of 5,413 and an intra-day low of 5,322.

The BSE Mid-Cap index lost 0.81% while the BSE Small-Cap index was down 0.44%.CNX MIDCAP 50 index lost 1.06% and S&P CNX 500 was down 0.66%.

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

KOTAK BANK changed 2.63%.With volume 10,80,000

CAIRN changed 2.45% with volume 4,307,000 and

ITC changed 1.51% with volume of 8,023,000.

Nifty Losers

Today’s nifty top losers were

BHEL changed -4.64% volumes 12,362,000

JP ASSOCIATE changed -4.32% with volume 14,000,000

TATASTEEL changed -3.76% with volume 34,594,000

NIFTY OUTLOOK FOR TODAY 8th FEBRUARY 2012

NIFTY SPOT LEVEL

TREND – moderately negative

SUPPORT AND RESISTANCE:

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: 10125 

Support 2: 9950

RESISTANCE LEVELS 

Resistance 1:10540

Resistance 2: 10710

STOCK CASH PICKS FOR TOMORROW

VOLTAS (CASH) SUPPORT 93.25, 81.60 RESISTANCE 108.35, 125.50.

VIJAYA BANK (FUTURES) SUPPORT 56.50, 55.10 RESISTANCE 62.10, 63.60.