STOCK ARKET ANALYSIS FOR 18 AUGUST 2011

NIFTY SPOT LEVEL: 18 August 2011

Tomorrow trading is expected between the strong levels of 4960 to 5150. If the market breaches the level of 5100 on the upper side then the next resistance level will be 5150. But if nifty breaches the support level of 5000 then it may go down till the level of 4960. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5000 to 5100.

SUPPORT:  First Nifty spot level near 5000 and Second Nifty spot level at 4960

RESISTANCE:  First Resistance near to 5100 and second near to 5150.

BANK NIFTY FUTURES: 18 August 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9600 to 10620.Bank nifty futures can go down till the level of 9600 once it breaks the level of 9770. On the opposite side once breaking the level of 10300, it is expected to go upward till the level of 10620. Bank nifty will be trading between the narrow ranges of 9770 to 10300.

SUPPORT:  First Nifty spot level near 9770 and Second Nifty spot level at 9600

RESISTANCE:  First Resistance near to 10125 and second near to 10300

STOCK MARKET REVIEW: 18 August 2011

CNX Midcap index was down about 0.87% while BSE smallcap index also gained 1.61%.

BSE Sensex closed at 16,840.80  gained 109.86 points. The NSE Nifty closed in 5,056.60 gained 20.80 points.

today’s nifty top gainer were HCL technologies with changes 2.74 %, Tata consultancy with changes 2.70 %, Hero Moto corp with changes 2.61 % and losers were DLF ltd with changes 6.27 % .Tata motors with changes 2.83 %,Reliance Comm with changes 2.90 %

STOCKS TO WATCH : 18 august 2011

Coal india

Coal india which recently got the entry in sensex 30 list replacing the reliance poweris going to announce its Q1 result tomorrow. Script has traded in heavy volume on Thursday. Share closed today’s session at 386. Support and resistance levels for the share for the next trading session are:

Resistance Levels

R 1-392

R 2-396

Support Levels

S 1- 378  

S 2- 374

COX & KINGS

COX & KINGS has seen trading within the range of 211 to 240 on Thursday. Expected levels for this script are as follow:

Resistance Levels

R 1-237

R 2-244

Support Levels

S 1- 220  

S 2- 216