As mentioned in previous blog, market ended with a correction.Nifty corrected from its recent high of 5217 to close today at 5087.3 with a drop of 126.1 points or 2.42%. Nifty will change the trend only above 5260 and 5324 with a consecutive closings. Sensex dropped by 370 points and ended at 16863.30.
All BSE Sectoral Indices closed in negative territory. Top loser was capital goods hit by 5.55% as Bhel dropped by 10.41% followed by L&T(5.37%).
In Nifty50 stocks, Bhel was the top loser by 11.33% and ended at 242.6 whereas Sunpharma was the top gainer today, up by 1.48% and ended at 536.60. Bhel was the turnover topper by the traded value and Suzlon by the traded quantity.
Advance/Decline ratio was negative as 1011 stocks declined and 381 stocks gained today on NSE.
Major Global Indices :
Hang Seng : -341.26
Nikkei : -48.17
FTSE : -39.00
CAC : -33.77
DAX : -56.70
Dow Futures : -75.00
Nasdaq Futures : -17.25
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24 Jan.2012 RBI Credit Policy affected the markets positively.
Market opened flat and zoomed after RBI Credit Policy which cut the CRR by 0.5% from previous rate 6%.
It will add more liquidity to the system and will help for housing as well as realty sector and carmakers.
Market gave cheers to the policy and zoomed.Nifty jumped up by 81.1 points to end at 5127.35 and Sensex gained 244 points and closed just below 17k mark at 16995.77.
All BSE Sectoral Indices gained today. Capital Goods' index was the top gainer by 3.3% followed by Bankex by 3.21% rise.
In Nifty50 stocks, LT was the top gainer by 5.93%, ended at 1353.Grasim was the top loser by 2.32% and ended at 2465.6.
Suzlon was the top trader by the quantity traded and SBI by the trade value.
Major Global Indices :
Hang Seng : +167.42
Nikkei : +126.68
FTSE : -3.4
CAC : -13.87
DAX : -1.83
Dow Futures : -10.00
Nasdaq Futures : +3.5
Book full profits.
Nifty has crucial resistance at around 5120 and 5165.Today Nifty has crossed the level but it should sustain for 2-3 days on closing basis to change the longer trend.
Nifty crucial support at 4870. Spot Nifty has 3 gaps in this rally from 4636 level.Small correction is due but avoid shorting.
Nifty EOD Chart
| Symbol |
Buy Abv |
Support |
Resi |
Sell Bel |
Cl on 24 Jan |
|
|
|
|
|
|
| S&P CNX
NIFTY |
4,697.00 |
|
|
|
5127 |
| BANKNIFTY |
8,203.00 |
|
|
|
9834 |
| ACC |
|
|
|
|
|
| AMBUJACEM |
|
150 |
|
|
|
| AXISBANK |
867 |
|
|
|
1032.6 |
| BAJAJ-AUTO |
|
1470 |
|
|
|
| BHARTIARTL |
|
336 |
|
|
|
| BHEL |
249 |
|
|
|
280.8 |
| BPCL |
508 |
|
|
|
556.35 |
| CAIRN |
329 |
|
|
|
351.7 |
| CIPLA |
|
310 |
|
|
|
| COALINDIA |
|
|
330 |
|
|
| DLF |
193 |
172 |
|
|
218.95 |
| DRREDDY |
1,590.00 |
1,556.00 |
|
|
1646 |
| GAIL |
|
|
407 |
|
|
| GRASIM |
|
2360 |
|
|
|
| HCLTECH |
398 |
|
415 |
|
428.45 |
| HDFC |
674 |
647 |
|
|
700.55 |
| HDFCBANK |
|
|
455 |
|
|
| HEROMOTOCO |
|
1761 |
|
|
|
| HINDALCO |
122 |
112 |
|
|
143.8 |
| HINDUNILVR |
|
|
|
402 |
393.1 |
| ICICIBANK |
|
637 |
810 |
|
|
| IDFC |
100 |
|
|
|
126 |
| INFY |
2,498.00 |
|
|
|
2620.8 |
| ITC |
|
194 |
205 |
|
|
| JINDALSTEL |
490 |
440 |
526 |
|
549.6 |
| JPASSOCIAT |
56 |
|
|
|
70.35 |
| KOTAKBANK |
|
416 |
|
|
|
| LT |
1044 |
|
|
|
1351.85 |
| M&M |
|
|
|
881 |
685.45 |
| MARUTI |
|
|
|
897 |
1157 |
| NTPC |
|
|
167 |
|
|
| ONGC |
|
|
|
255 |
274.2 |
| PNB |
814 |
|
|
|
1002.6 |
| POWERGRID |
101 |
|
|
97 |
100.55 |
| RANBAXY |
|
|
458 |
|
|
| RCOM |
|
|
77.25 |
|
|
| RELIANCE |
|
|
799 |
|
|
| RELINFRA |
356 |
|
421 |
|
479.55 |
| RPOWER |
73.5 |
68.5 |
|
|
95.45 |
| SAIL |
|
|
97.83 |
|
|
| SBIN |
1,665.00 |
|
1870 |
|
2040.8 |
| SESAGOA |
|
148 |
|
|
|
| SIEMENS |
|
627 |
|
|
|
| STER |
92 |
|
|
|
111.2 |
| SUNPHARMA |
|
|
|
|
|
| TATAMOTORS |
|
176 |
187 |
|
|
| TATAPOWER |
|
|
99 |
|
|
| TATASTEEL |
357 |
|
|
|
432.35 |
| TCS |
1205 |
|
|
|
1088.7 |
| WIPRO |
|
383 |
|
|
|
Nifty crossed 5000 mark for the first time after 8th Dec.2011.
Markets opened on higher side and maintained the gain for the whole session.Nifty closed at 5018.4 with 62.6 points gain and Sensex gained 181.95 points to end at 16633.42
Among BSE Sectoral Indices, Realty gained the most by 3.54% rise and IT was the top loser by 0.53%.
In Nifty50 stocks, Reliance Infra was top gainer with a rise of 10.46% and ended at 489.BHEL was the top loser by 2.69% to end at 265.8. Unitech was the turnover topper by the quantity traded and Reliance was by the value traded.
Major Global Indices :
Hang Seng : +256.03
Nikkei : +89.10
FTSE : +2.10
CAC : +19.46
DAX : -8.97
Dow Future : -5.00
Nasdaq Future : +0.75
Moody's upgraded India's rating to investment grade and because of this, market opened with gap up and sustained through out the session. Nifty closed at 4849.55 with a jump of 106.75 points whereas Sensex gained 350.37 points and closed above 16k mark at 16165.09.
Nifty50 Performance which we had recommended on 3rd Jan 2012.
| Symbol |
Buy Abv |
Support |
Resi |
Sell Bel |
|
Close on 10 Jan |
Up By |
| |
|
|
|
|
|
|
|
| S&P CNX
NIFTY |
4,697.00 |
|
|
|
|
4850.55 |
153.55 |
| BANKNIFTY |
8,203.00 |
|
|
|
|
8747.55 |
544.55 |
| ACC |
|
|
|
|
|
|
|
| AMBUJACEM |
|
150 |
|
|
|
|
|
| AXISBANK |
867 |
|
|
|
|
894.5 |
27.50 |
| BAJAJ-AUTO |
|
1470 |
|
|
|
|
|
| BHARTIARTL |
|
336 |
|
|
|
|
|
| BHEL |
249 |
|
|
|
|
262.9 |
13.90 |
| BPCL |
508 |
|
|
|
|
NA |
|
| CAIRN |
329 |
|
|
|
|
335.75 |
6.75 |
| CIPLA |
|
310 |
|
|
|
|
|
| COALINDIA |
|
|
330 |
|
|
|
|
| DLF |
193 |
172 |
|
|
|
NA |
|
| DRREDDY |
1,590.00 |
1,556.00 |
|
|
|
1618.1 |
28.10 |
| GAIL |
|
|
407 |
|
|
|
|
| GRASIM |
|
2360 |
|
|
|
|
|
| HCLTECH |
398 |
|
415 |
|
|
419.9 |
21.90 |
| HDFC |
674 |
647 |
|
|
|
684 |
10.00 |
| HDFCBANK |
|
|
455 |
|
|
|
|
| HEROMOTOCO |
|
1761 |
|
|
|
|
|
| HINDALCO |
122 |
112 |
|
|
|
123.15 |
1.15 |
| HINDUNILVR |
|
|
|
402 |
|
395.45 |
395.45 |
| ICICIBANK |
|
637 |
810 |
|
|
|
|
| IDFC |
100 |
|
|
|
|
102 |
2.00 |
| INFY |
2,798.00 |
|
|
|
|
2863.6 |
65.60 |
| ITC |
|
194 |
205 |
|
|
|
|
| JINDALSTEL |
490 |
440 |
526 |
|
|
499.55 |
9.55 |
| JPASSOCIAT |
56 |
|
|
|
|
NA |
|
| KOTAKBANK |
|
416 |
|
|
|
|
|
| LT |
1044 |
|
|
|
|
1133.8 |
89.80 |
| M&M |
|
|
|
881 |
|
NA |
|
| MARUTI |
|
|
|
897 |
|
NA |
|
| NTPC |
|
|
167 |
|
|
|
|
| ONGC |
|
|
|
255 |
|
NA |
|
| PNB |
814 |
|
|
|
|
859.8 |
45.80 |
| POWERGRID |
101 |
|
|
97 |
|
102.6 |
1.60 |
| RANBAXY |
|
|
458 |
|
|
|
|
| RCOM |
|
|
77.25 |
|
|
|
|
| RELIANCE |
|
|
799 |
|
|
|
|
| RELINFRA |
356 |
|
421 |
|
|
399.1 |
43.10 |
| RPOWER |
73.5 |
68.5 |
|
|
|
79.75 |
6.25 |
| SAIL |
|
|
97.83 |
|
|
|
|
| SBIN |
1,665.00 |
|
1870 |
|
|
1702.6 |
37.60 |
| SESAGOA |
|
148 |
|
|
|
|
|
| SIEMENS |
|
627 |
|
|
|
|
|
| STER |
92 |
|
|
|
|
95.85 |
3.85 |
| SUNPHARMA |
|
|
|
|
|
|
|
| TATAMOTORS |
|
176 |
187 |
|
|
|
|
| TATAPOWER |
|
|
99 |
|
|
|
|
| TATASTEEL |
357 |
|
|
|
|
371.75 |
14.75 |
| TCS |
1205 |
|
|
|
|
NA |
|
| WIPRO |
|
383 |
|
|
|
|
|
