Thursday, 25 August 2011

STOCK MARKET TRADING TIPS AND STRATEGIES : 26 AUGUST 2011


NIFTY SPOT LEVEL: 26 August 2011

Tomorrow trading is expected between the strong levels of 4740 to 4930. If the market breaches the level of 4785 on the upper side then the next resistance level will be 4890. But if nifty breaches the support level of 4930 then it may go down till the level of 4740. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4785 to 4890.

SUPPORT:  First Nifty spot level near 4785 and Second Nifty spot level at 4740

RESISTANCE:  First Resistance near to 4890 and second near to 4930.

BANK NIFTY FUTURES: 26 August 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8900 to 9425.Bank nifty futures can go down till the level of 8900 once it breaks the level of 9025. On the opposite side once breaking the level of 9280, it is expected to go upward till the level of 9425. Bank nifty will be trading between the narrow ranges of 9025 to 9280.

SUPPORT:  First Nifty spot level near 9025 and Second Nifty spot level at 8900
RESISTANCE:  First Resistance near to 9280 and second near to 9425.

STOCK MARKET REVIEW: 26 August 2011

CNX Midcap index was down about 1.01% while BSE smallcap and Midcap  indexes are also LOST at 0.82% and 0.88% Respectively.

The Bombay Stock Exchange Sensitive Index, or Sensex, lost 116.88 points, or 0.7 percent, to 16,168.10, provisionally.  The S&P CNX Nifty Index on the National Stock Exchange slid 0.8 percent to 4,847.95.

Today’s nifty top gainer were TATA MOTORS limited with changes 1.93%, RELIANCE COMM with changes 1.50%, GRASIM INDUSTRY with changes 1.38% and losers were HERO MOTOCORP with changes 3.19%.JINDAL STEEL AND POWER with changes 4.56%,INFOSYS with changes 3.00%

STOCKS TO WATCH : 26 august 2011

COAL INDIA

it is one of the maharatna of india and is one of the leading mining industry of India it currently closed on NSE at 374.75

Resistance levels

R1- 378

R2- 378.5

Support levels

S1- 366.5

S2- 364.3

SIMBHAOLI SUGAR

Simbhaoli Sugars is a technology company with a business mix that spans specialty sugars, quality liquor, technology consultancy, co-generated power, extra neutral alcohol (ENA), ethanol and bio-manure. As India's largest integrated sugar refinery closed on NSE at 31.25

Resistance levels

R1- 33.2

R2-33.5

Support levels

S1-30.5

S2-30.00

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