NIFTY SPOT LEVEL: 21 August 2011
Tomorrow trading is expected between the strong levels of 4675 to 4960. If the market breaches the level of 4905 on the upper side then the next resistance level will be 4960. But if nifty breaches the support level of 4790 then it may go down till the level of 4675. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4790 to 4905.
SUPPORT: First Nifty spot level near 4790 and Second Nifty spot level at 4675
RESISTANCE: First Resistance near to 4905 and second near to 4960.
BANK NIFTY FUTURES: 21 August 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9150 to 9765.Bank nifty futures can go down till the level of 9150 once it breaks the level of 9280. On the opposite side once breaking the level of 9610, it is expected to go upward till the level of 9765. Bank nifty will be trading between the narrow ranges of 9280 to 9610.
SUPPORT: First Nifty spot level near 9280 and Second Nifty spot level at 9150
RESISTANCE: First Resistance near to 9610 and second near to 9765.
STOCK MARKET REVIEW: 21 August 2011
CNX Midcap index was down about 1.05% while BSE smallcap and Midcap indexes are also lost at 2.01% and 1.36% Respectively.
The BSE Sensex ended at 16,142, losing 328 points. It had earlier touched a day's high of 16,287 and a day's low of 15,987. It opened at 16,237. The NSE Nifty closed at 4,846, down ~99 points.
Today’s nifty top gainer were DLF limited with changes 2.47%, TATA POWER with changes 1.15%, HERO MOTOCROP with changes 2.05% and losers were ICICI with changes 3.66% .TATA MOTORS with changes 5.28%,INFOSYS with changes 5.50%
STOCKS TO WATCH : 21 august 2011
BHEL
BHEL script closed the today’s session at 1681. Support and resistance levels for the share for the next trading session are:
Resistance levels
R1-1740
R2- 1753
Support levels
S1- 1640
S2- 1623
JSW STEEL
JSW STEEL is seen trading within the range of 674 to 611. Expected levels for this script are as follow:
Resistance levels
R1-675
R2- 680
Support levels
S1- 610
S2- 605
STOCKS TO PICK : 21 AUGUST 2011
Sell LNT at cmp
Target 1 : 1530
Target 2 : 1510
Stop loss :1563.65
Sell BHEL below 1660
Target 1 : 1645
Target 2 :1625
Stop loss :1684.65
0 comments:
Post a Comment