NIFTY SPOT LEVEL: 19 August 2011
Tomorrow trading is expected between the strong levels of 4500 to 5020. If the market breaches the level of 4985 on the upper side then the next resistance level will be 5020. But if nifty breaches the support level of 4835 then it may go down till the level of 4500. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4835 to 4985.
SUPPORT: First Nifty spot level near 4835 and Second Nifty spot level at 4500
RESISTANCE: First Resistance near to 4985 and second near to 5020.
BANK NIFTY FUTURES: 19 August 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9240 to 9900.Bank nifty futures can go down till the level of 9240 once it breaks the level of 9410. On the opposite side once breaking the level of 9715, it is expected to go upward till the level of 9900. Bank nifty will be trading between the narrow ranges of 9410 to 9715.
SUPPORT: First Nifty spot level near 9410 and Second Nifty spot level at 9240
RESISTANCE: First Resistance near to 9715 and second near to 9900
STOCK MARKET REVIEW: 19 August 2011
CNX Midcap index was down about 2.36% while BSE smallcap and Midcap indexes are also lost at 2.62% and 2.05% Respevtively.
BSE Sensex closed at 16,469.79 lost 371.01 points. The NSE Nifty closed in 4,944.15 lost 112.45 points.
today’s nifty top gainer were DLF technologies with changes 3.05%, ACC with changes .50%, Hero RELIANCE COMM with changes .66% and losers were ICICI with changes 5.06% .WIPRO with changes 4.69%,HCL TECHNOLOGY with changes 6.24%
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 1-390
R 2-394
Support Levels
S 1- 380
S 2- 377
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 1-235
R 2-242
Support Levels
S 1- 222
S 2- 217
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