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Friday 24 February 2012

Stock Market Updates - 24th Feb 2012

24th Feb 2012,Friday

Nifty: 5424 (-59.30 points)
Sensex: 17906.36 (-172.14 points)
Gold (MCX): 28740
USD/INR: 49.32

Nifty looks bearish as it has tried to fill the gap between 14th Feb and 15th Feb 2012.Nifty can test the level of 5317in the coming week as per the trend line breakout on daily chart.On the weekly chart of Nifty a Bearish engulfing pattern has been formed indicating bearishness for the next week.Still,to be on a little bit positive side,this weeks low has not crossed the low of previous to previous week (it was a doji pattern).Nifty has crossed the 13 week average below.

Nifty Gainers: Sterlite (3.61%), Tata Power (2.33%) and Coal India (1.43%)
Nifty Losers: IDFC (-4.44%),DLF (-3.66%) and Rel Infra (-3.64%)

Weekly Nifty Gainers: BPCL (4.37%),TCS (3.29%) and PowerGrid (2.24%)
Weekly Nifty Losers: JP Associates (-11.84%),DLF (-10.79%) and RCOM (-10.42%)

Sensex Gainers: Sterlite (3.65%), Tata Power (2.37%) and Coal India (1.41%)
Sensex Losers: HDFC (-3.63%),DLF (-3.44%) and L&T (-3.38%)

Nifty Support Levels for Monday: 5397 and 5334
Nifty Resistance levels for Monday: 5494 and 5565

Sensex Support Levels for Monday: 17770 and 17635
Sensex Resistance levels for Monday: 18120 and 18333

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