INDIAN STOCK MARKET

Indian Stock Market again smell some bad news around globe and reacted in first half of the trade. Nearly all Pink paper are putting their review for Europe Debt crises and new lows of Rupee. Now all eyes are waiting for “Good” Friday when RBI will review monetary policy. Central bank official would be having great pressure related to Growth and Inflation ratio and USD/INR reference rate. We can’t expect any miracle but if ends with and positive development than India will be Next nation to face crises.

Indian Stock market is getting very volatile these days , after hitting bottom of 4673 there was a sharp recovery 110 points in nifty. TATAPOWER , COAL INDIA , IDFC where top gainer in nifty list on the same hand RANBAXY, STER, And SESAGOA where the top losers. On Friday Nifty is expected to stay very volatile and may touch new weekly high or low. We recommend to stay back from the stock market till RBI put some cherry on top cake.

Nifty Level for tomorrow:
Resistance Level 1- 4790
Resistance Level 2-4815
Support Level 1-4720
Support Level 2- 4660

STOCK MARKER RECOMMENDATIONS

Nifty witnessed a very volatile session in today's market and closed with significant falls besides losing support of 4800 level.
• Level wise, closing below the vital 4800 levels may depict strength of the bears in the forthcoming sessions in stock market.
• Broader stock market witnessed weak sentiments, segments, like Large caps, small cap, midcap were under sellers’ grip. Owing to this, bears outnumbered the bulls with significant margin.
• Due to selling Nifty continued to close below its vital 9, 14, 50 & 100 day’s SMA placed at 4914, 4870, 5008 & 5009.
• VIX, the barometer of uncertainty, closed at a higher level of 29+ and indicates a more than average volatility in market in the forthcoming sessions.
• RSI (14) for the session was at 39.86 levels and MACD closed below the signal line.
Stock Market may continue to witness some range bound weak movements in forthcoming session amidst higher volatility

Nifty Level For the upcoming session in stock market are
Resistance level 1-4815
Resistance level 2-4870
Support level 1-4717
Support level 2-4656

NIFTY TODAY

Today Nifty close with 37 green point after making a low of 4732 market covered significantly and
closed above psychological level of 4800.Except Consumer Durable and Capital Good rest other shared
this growth from bottom. But in trade of the day IndVix touched the mark of 29.11 which indicate
high rate of volatility. Market in coming session could prove to be volatile and new high would be the
destination. The market is waiting for some good news this week like Inflation rate on Wednesday and
RBI Policy review on Friday.

Nifty Level

R1-4856

R2-4910

S1-4748

S2-4685

CASH:- BUY HINDALCO ABOVE 131.5. TGT 132.5/134.5 SL- 130.PACE RESEARCH 0731-4225552

CASH:- BUY BOMBYEING ABOVE 393.7. TGT 397/405. SL-390. PACE RESEARCH 0731-4225552

FUTURE:- BUY WELCORP ABOVE 80.5. TGT 81.3/82.2 SL- 80.LOT-2000.PACE RESEARCH 0731-4225552

OPTION :- BUY RELIANCE 760 CALL OPTION @ 18 TARGET -26 & 35 SL- 12 PACE RESEARCH 0731-
4225552

NIFTY REPORT FOR THE DAY

Nifty future closed lower by 3.91% to 4882.25.During the week, Nifty has failed to cross its important resistance of 5150. It has closed below its short term EMA of 3 weeks, which depicts fresh weakness at the current level. On the down side, level of 4824 will act as a support for the short term traders. Downward trend will continue below 4824 for the next target of 4756 and 4700.On higher side, level of 4950 and 5022 will act as a strong resistance for the next week. On the option front High put option open interest build up of around 5.9 Mn and 8.2 Mn is seen at 4800 and 4700 strikes which indicating that they will act as strong supports. High call option open interest build up of around 5.9 mn and 7.8 mn is seen at 5000 and 5100 strikes which indicate that they will act as strong resistances. The PCR for Nifty based on open interest is down at 1.08 as compared to 1.31 which indicates some negative for the market.

• The market is likely to remain volatile as investors react to a slew of economic data and the Reserve Bank of India's monetary policy review.
• Investors will keenly watch data on third quarter December 2011 corporate advance tax payment due on
• Thursday, 15 December 2011, which may provide cues on Q3 December 2011 results of the individual companies.
• Interest rate sensitive banking, auto and realty shares will be focus next week ahead of the RBI's monetary policy review on Friday. With the liquidity situation becoming tighter and inflation on the decline, the financial markets are expecting a reduction in the cash reserve ratio (CRR) -- portion of bank deposits kept with the RBI -- to ease the money crunch in the banking system. The CRR has been left unchanged at 6% since May 2010.
• Important data to be announced in India next week are IIP data for October 2011 on Monday 12th Dec and headline inflation for November 2011 on Wednesday.
• Important data to be announced next week in the US are FOMC Meeting Announcement, Jobless Claims and Industrial Production.


Nifty Level
R1-4970
R2-5170
S1-4830
S2-4750

NIFTY TODAY

Today Nifty witness very volatile session in range of 5000 to 5060. But there was accumulation in most of stock in NIFTY 50 with an increase of 2.63 % of open interest in Nifty Future. This somewhere put strong side for being NIFTY at green side in coming trading sessions.


Due to profit booking Nifty re-conquered 5050 level but continued to close above its vital 9, 14 and 50day’s SMA placed at 4854.17,4867.80 and 5017.76. But closed below its vital 100 & 200 day’s SMA placed at, 5124.55 & 5343.21. VIX, the barometer of uncertainty, closed at a little higher level of 25.02, but still indicates a more than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 53.99 levels and MACD closed below the signal line. Market may continue to witness some range bound movements in forthcoming session amidst higher
volatility

NIFTY levels

R1-5145

R2-5197

S1-5020

S2-4970

BUY NIFTY ABOVE 5075

BUY MOTHERSON SUMI @ 155 TGT- 162 & 170 SL- 149

TGT- 5110 & 5145 SL 5035

WEEKLY NIFTY REPORT

This Friday turns happy for Indian market as Nifty close with biggest weekly gain in last 130 week. This was because of some positive development for saving world from Debt. There was also some improvement in health of INR in terms of USD which show that still for FII India is good place for investment. There was improvement in sentiment of investor as the INDVIX fall in to 23.99 % from 32.74. If things may continue as same in coming week market may see new high as one group of countries called Europe have some round of economic meeting. Putting figure cross hope that Nifty may touch the level of 5350 till end of month with few resistance like 5175 ,5225 , 5290 in between path . On condition market make U-turn will have Support at 5050 , 4970 , 4910.

Nifty Level

R1-5115

R2-5175

S1-5050

S2-4970

BUY NIFTY ABOVE 5110 TGT- 5160 & 5215 SL 5068

BUY VENKEY’S ABOVE 440 TGT- 460 & 475 SL- 425

FREE NIFTY TIPS TODAY AND TOMORROW

Nifty witnessed a very volatile session and closed with gains of 131 and crosses level 4950. This rally was led by some fundamental news flow around the world. China has announces for cutting reserve by 50 basis point which will led liquidity in market. From side of Europe and USA the central bank of 8 Nation announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. This green –green news for making new utopia would be analyze by coming date weather they will do the debt out or let the rebirth of new Bear in the market.

Level wise, closing above the vital 4950 levels may depict strength of the bulls in the
forthcoming sessions.
Broader market witnessed strong sentiments, though midcap and Large Cap were strong,
small caps were under buyers grip. Owing to this, bears outnumbered the bulls with significant
margin.
Due to profit booking in second half it close below its 9 day’s SMA placed at 4977 but
continued to close above 50 & 100 day’s SMA placed at 4863 & 4798.
VIX, the barometer of uncertainty, closed at a little corrected level of 25.02, but still indicates a
more than average volatility in market in the forthcoming sessions.
RSI (14) for the session was at 56.55 levels and MACD closed below the signal line.

Market may continue to witness some range bound movements in forthcoming session amidst higher
volatility

Nifty Level

R1-5032

R2-5138

S1-4926

S2-4885

Get the free share market tips for tomorrow:

SHORT BHARTI AIRTEL @ 377 TGT 372/367 SL-381

OUR CALL OF TATAMOTORS HAS ACHIEVED ITS RESPECTIVE TARGET. RECOMMENDED FOR 01/12/
2011 MARKET TRADE