[IntradayTips]

STOCK MARKET REVIEW: 8th NOVEMBER 2011

CNX Midcap index was neutral today: 8th November 2011, 0.00% about and S&P CNX 500 lost about 0.04% while BSE small cap index lost at 0.17% and Midcap gained at 0.13% respectively.

The BSE Sensex ended at 17569.53 gaining 6.93 points. The NSE Nifty closed at 5289.35 gaining 5.15 points.
It was the Euro zone again which caused the market to panic. The market was very sideways whole day it moved in red for most of the day but with the outcome of export data it reversed in green. Some of the quarterly results also supported the rally and nifty finally ended at 5289.35.
Stock market is more likely to expect Bearish.

Today’s Nifty Top gainers were:

CAIRN INDIA with volume and changes 316,660,751.35and 4.9 %
RCOM with volume and changes 597,724,111.95and 4.3%
RPOWER with volume and changes 812,040,084.55and 4.1%

Today’s Nifty Top losers were:

BPCL with volume and changes 231,416,091.75and [3.3] %
SUNPHARMA with volume and changes 493,513,497.05and [2.7] %
IDFC with volume and changes 676,089,907.75and [2.6] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5200-5400.