Wednesday, 24 August 2011

STOCK MARKET TRADING TIPS AND STRATEGIES : 25 AUGUST 2011


NIFTY SPOT LEVEL: 25 August 2011

Tomorrow trading is expected between the strong levels of 4780 to 4975. If the market breaches the level of 4830 on the upper side then the next resistance level will be 4930. But if nifty breaches the support level of 4975 then it may go down till the level of 4780. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4830 to 4930.

SUPPORT:  First Nifty spot level near 4830 and Second Nifty spot level at 4780

RESISTANCE:  First Resistance near to 4930 and second near to 4975.


BANK NIFTY FUTURES: 25 August 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8940 to 9600.Bank nifty futures can go down till the level of 8940 once it breaks the level of 9090. On the opposite side once breaking the level of 9425, it is expected to go upward till the level of 9600. Bank nifty will be trading between the narrow ranges of 9090 to 9425.

SUPPORT:  First Nifty spot level near 9090 and Second Nifty spot level at 8940
RESISTANCE:  First Resistance near to 9425 and second near to 9600.

STOCK MARKET REVIEW: 25 August 2011

CNX Midcap index was down about 0.79% while BSE smallcap and Midcap indexes are also LOST at 0.51% and 0.54% Respectively.

The BSE Sensex ended at 16,284 losing 213 points. It had earlier touched a day's high of 16,533 and a day's low of 16,253. It opened at 16,490. The NSE Nifty closed at 4,888 losing 60 points.

Today’s nifty top gainer were POWERGRID limited with changes 1.24%, GRASIM INDS with changes .45%, RANBAXY LABS with changes .37% and losers were IDFC with changes 4.20%.TATAMOTORS with changes 4.05%,MARUTI SUZUKI with changes 4.03%

STOCKS TO WATCH : 25 august 2011

Bajaj Auto Limited

Bajaj Auto Limited closed at 1522.85. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1- 1566

R2- 1574

Support levels

S1- 1490

 S2- 1486

ITC Limited

ITC Limited  closed at 201.15. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1- 205

R2- 209

Support levels

S1- 203

S2- 199

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