RBI Credit Policy affected the markets positively

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 closed above 5000 mark

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

Nifty50 stock performance

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