Wednesday, 10 August 2011

STOCK MARKET ANALYSIS : 11 AUGUST 2011


NIFTY SPOT LEVEL: 11 August 2011

Tomorrow trading is expected between the strong levels of 5300 to 5070. If the market breaches the level of 5115 on the upper side then the next resistance level will be 5070. But if nifty breaches the support level of 5230 then it may go down till the level of 5300. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5230 to 5115.

SUPPORT:  First Nifty spot level near 5230 and Second Nifty spot level at 5300

RESISTANCE:  First Resistance near to 5115 and second near to 5070.


BANK NIFTY FUTURES:11 August 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10325 to 10180.Bank nifty futures can go down till the level of 10610 once it breaks the level of 10180. On the opposite side once breaking the level of 10375, it is expected to go upward till the level of 10520. Bank nifty will be trading between the narrow ranges of 10610 to 10375.

SUPPORT:  First Nifty spot level near 10610 and Second Nifty spot level at 10740
RESISTANCE:  First Resistance near to 10325 and second near to 10180



STOCK MARKET REVIEW: 11 August 2011


CNX Midcap index was up about 1.81% while BSE smallcap index also gained 2.46%.


Finally, the BSE Sensex closed at losing 17,130.51 points. He had earlier hit a day high of 17,256.46 . The NSE Nifty closed at 5,161.00 losing 88.15 points.


Today’s Nifty Top gainer were STEEL AUTHORITY with changes 4.85%, HINDALCO INDUS with changes 5.37%, M&M with changes 5.38% and losers were ITC with changes 1.33% .ONGC with changes 2.07%,GRASIM INDUS with changes 2.08%

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