NIFTY SPOT LEVEL: 8 August 11
Tomorrow trading is expected between the strong levels of 5110 to 5310. If the market breaches the level of 5255 on the upper side then the next resistance level will be 5310. But if nifty breaches the support level of 5165 then it may go down till the level of 5110. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5165 to 5255.
SUPPORT: First Nifty spot level near 5165 and Second Nifty spot level at 5110
RESISTANCE: First Resistance near to 5255 and second near to 5310.
BANK NIFTY FUTURES: 8 August 11
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10040 to 10600.Bank nifty futures can go down till the level of 10175 once it breaks the level of 10040. On the opposite side once breaking the level of 10480, it is expected to go upward till the level of 10600. Bank nifty will be trading between the narrow ranges of 10175 to 10480.
SUPPORT: First Nifty spot level near 10175 and Second Nifty spot level at 10040
RESISTANCE: First Resistance near to 10480 and second near to 10600
STOCKS FOR TODAY: 8 AUG 11
ADANI POWER
ADANI POWER Script has traded in heavy volume on Wednesday. Shares closed the today’s session at 101. Support and resistance levels for the share for the next trading session are:
Resistance Levels
R1-106
R2-108
Support Levels
S1- 94
S2- 91
WHIRLPOOL
Whirlpool Script has traded in heavy volume on Tuesday. Shares closed the today’s session at 217. Support and resistance levels for the share for the next trading session are:
Resistance Levels
R 1- 224
R 2- 236
Support Levels
S1- 205
S2- 193
STOCK MARKET REVIEW: 8 August 11
CNX Midcap index was down about 1.78% while BSE smallcap index also lost 3.08%.
The BSE Sensex closed at 17,305, made a low of 382 points or we can say 2.2% down after making the 52 week low of 16,990 and Nifty closed at 5211 over the previous close. It had earlier touched a 52 week low of 5116.
The initial enthusiasm for U.S. debt has given way to concerns about the health of the global economy. In addition, concerns have been raised about the negative implications of major spending cuts in the United States. The credit crisis in the euro zone also retains all its ugliness, intermittently.
Today’s Nifty Top gainer were BPCL with changes 2.0% made a high of 709.00 and low of 686.00 , ONGC with changes 1.4% made a high of 279.90 and low of 267.00, CIPLA with changes 0.6% made a high of 312.10 and low of 296.50 and losers were HCL with changes 5.2 made a high of 458.00 and 427.00%,REL COMM. with changes 7.3% made a high of 96.50 and low of 90.25, STERLITE with changes 6.3% made a high of 146.00 and low of 137.50.
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