MARKET ANALYSIS :

NIFTY Levels:
NIFTY (Spot): 5359
SUPPORT 1: 5330
SUPPORT 2: 5290
RESISTANCE 1: 5395
RESISTANCE 2: 5420
Conditions Apply

Highlights for the fund industry in 2011:

• Falling equity markets and regulatory developments weighed heavy on the domestic fund industry, therefore denting its assets in 2011. On a year-end basis, the assets of the industry shrunk for the second year in a row--by 2.4% in 2011, as against a fall of 6% in 2010.

MARKET ANALYSIS :

MARKET ANALYSIS:

SENSEX-16839
Support-16770/16600/16450
Resistance-17000/17140/17380

NIFTY-5072
Support-5050/5000/4946
Resi-5110/5151/5200

MARKET ANALYSIS :

MARKET ANALYSIS:

SENSEX-17130
Support-17000/16880/16750
Resistance-17300/17440/17560

NIFTY-5161
Support-5110/5076/5042
resi-5200/5252/5290

MARKET ANALYSIS :

MARKET ANALYSIS:

SENSEX-17940
Support-17770/17650/17500
Resistance-18080/18220/18400

NIFTY-5404
Support-5380/5350/5300
Resi-5430/5460/5484

MARKET ANALYSIS :

MARKET ANALYSIS:

SENSEX-18180
Support-18110/18000/17900
Resistance-18350/18550/18650

NIFTY-5474
Support-5450/5400/5360
Resi-5530/5555/5580

MARKET ANALYSIS :

SENSEX-18653
Support-18550/18480/18400
Resistance-18800/18920/18085

NIFTY-5613
Support-5590/5550/5500
Resistance-5656/5680/5725

MARKET ANALYSIS:

SENSEX-18721
Support-18670/18590/18480
Resistance-19850/19000/19150

NIFTY-5616
Support-5590/5555/5500
Resi-5650/5684/5725

MARKET ANALYSIS :

SENSEX-18762
Support-18600/18480/18360
Resistance-18850/18990/19090

NIFTY-5627
Support-5608/5570/5524
Resi-5656/5693/5720

MARKET ANALYSIS :

SENSEX-18845
Support-18750/18600/18480
Resistance-18990/19090/19150

NIFTY-5647
Support-5608/5570/5524
Resistance-5693/5720/5757

MARKET ANALYSIS :

SENSEX-18492
Support-18350/18240/18080
Resistance-18530/18625/18700

NIFTY-5545
Support-5500/5480/5450
Resistance-5555/5585/5608

MARKET ANALYSIS :

Sensex-17506
Support-17430/17290/17100
Resistance-17620/17710/17790

NIFTY-5257
Support-5218/5177/5130
Resistance-5290/5328/5360

MARKET ANALYSIS :

SENSEX-18268
Support-18180/18100/18000
Resistance-18360/18460/18550

NIFTY-5485
Support-5450/5400/5370
Resistance-5502/5524/5556

MARKET ANALYSIS :

10.40
Sensex-18321
Support-18270/18100/18000
Resistance-18480/18590/18700

NIFTY-5501
Support-5500/5440/5390
Resistance-5555/5584/5608

MARKET ANALYSIS :

Sensex-18255
Support-18150/18000/17900
Resistance-18350/18500/18620

NIFTY-5476
Support-5440/5400/5353
Resistance-5500/5530/5555

MARKET ANALYSIS:

09.40
Sensex-18161
Support-18160/18085/17980
Resistance-18360/18610/18750

NIFTY-5434
Support-5400/5350/5290
Resistance-5507/5568/5600

MARKET ANALYSIS:

09.35 A.M
Sensex-18877
Support-18779/18660/18500
Resistance-19150/19220/19350

NIFTY-5660
Support-5610/5578
Resistance-5730/5750/5800

MARKET ANALYSIS:

Previous Week : Nifty closed in the red in four out of the five trading sessions

Indian equities faced selling pressure through out the week and only managed to recover some of its losses on the last day of the week. The Nifty closed in the red in four out of the five trading sessions. The market recovered in the trade on Friday after better-than-expected growth in industrial output. October industrial production recorded double-digit growth at 10.8% compared to 4.4% on a month-on-month basis. The capital goods sector grew 22% against 10.9% on a year-on-year basis. Foreign funds resorted to heavy selling of Indian stocks recently with small-cap and midcap stocks taking a beating on concerns over a regulatory crackdown on companies and an ongoing investigation into a telecom corruption scandal.

On a week-on-week basis, the Sensex fell by 457 points or 2.3%, to close at 19508.90

The S&P CNX Nifty also closed in the red by 135 points, or 2.3%, to close at 5857 for the week. Realty, banking and consumer durables stocks faced heavy selling pressure with only IT stocks managing to close in the green

Week Ahead : Nifty is expected to trade in a range of 5700 to 6050

Indian equities managed to bounce from the lows of November 2010 on Friday. If it holds on to the low of Friday, it can open up further upsides in the market. On the other hand, breaching below last weeks low can test 5600 in the Nifty. Investors will closely monitor the data on advance tax by top Indian corporates and advance tax installments due on December 15, 2010. The advance tax figures will provide a clue on Q3 December 2010 corporate earnings.

The Reserve Bank of India will undertake a mid-quarter policy review on Thursday, December 16, 2010

The Organization of Petroleum Producing Countries (Opec) is scheduled to meet in Quito, Ecuador on Saturday

The Opec, which accounts for about one third of the world's oil output, is widely expected to keep quotas unchanged

The Nifty is expected to trade in a range of 5700 to 6050 during next weeks trade

Only a breakout above this level will determine the future course of action
~
Source: ICICIdirect.com

MARKET ANALYSIS:

11.35
SENSEX-18356
Support-18380/18310//18230
Resistance-18460/18500/18660
NIFTY-5516
Support-5492/5454/5390
Resistance-5560/5612/5660

MARKET ANALYSIS:

SENSEX-18287
Support-18110/18000/17840
Resistance-18360/18500/18640

NIFTY-5486
Support-5428/5400/5350
Resistance-5500/5525/5550