Saturday, 27 August 2011

STOCK MARKET TRADING TIPS AND STRATEGIES : 29 AUGUST 2011


NIFTY SPOT LEVEL: 29 August 2011

Tomorrow trading is expected between the strong levels of 4655 to 4840. If the market breaches the level of 4700 on the upper side then the next resistance level will be 4800. But if nifty breaches the support level of 4840 then it may go down till the level of 4655. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4700 to 4800.

SUPPORT:  First Nifty spot level near 4700 and Second Nifty spot level at 4655

RESISTANCE:  First Resistance near to 4800 and second near to 4840.

BANK NIFTY FUTURES: 29 August 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8635 to 9195.Bank nifty futures can go down till the level of 8635 once it breaks the level of 8820. On the opposite side once breaking the level of 9090, it is expected to go upward till the level of 9195. Bank nifty will be trading between the narrow ranges of 8820 to 9090.

SUPPORT:  First Nifty spot level near 8820 and Second Nifty spot level at 8635
RESISTANCE:  First Resistance near to 9090 and second near to 9195.

STOCK MARKET REVIEW: 29 August 2011

CNX Midcap index was down about 2.07% while BSE smallcap and Midcap  indexes are also LOST at 2.65% and 2.25 % Respectively.

The BSE SENSEX ended at 15,848, down 297 points. And touched the fresh 52 weeks low of 15,765. The NSE NIFTY closed at 4,747, losing -92 points. The Nifty closed below 4800 for the first time since February 2010.

Today’s nifty top gainer were MAHINDRA AND MAHINDRA limited with changes 1.00%, INFOSYS with changes .88%, HERO MOTOCORP with changes 2.59 % and losers were SESA GOA with changes 6.43%.RELIANCE INFRASTRUCTURE changes 7.18%,RELIANCE CAPITAL with changes 12.03%

STOCKS TO WATCH : 29 august 2011

TVS MOTOR

TVs motors currently closed on NSE at 53.and traded between the range of 54 and 52. Expected levels for these shares are:

Resistance levels

R1- 55

R2- 57

Support levels

S1- 51

S2- 49

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 30.40

Resistance levels

R1- 33.2

R2-34

Support levels

S1-29

S2-28

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