Wednesday, 14 September 2011

STOCK MARKET TODAY : 15 SEPTEMBER 2011


STOCK MARKET ANALYSIS : 15 SEPTEMBER 2011

NIFTY SPOT LEVEL

Tomorrow trading is expected between the strong levels of 4915 to 5100. If the market breaches the level of 5060 on the upper side then the next resistance level will be 5100. But if nifty breaches the support level of 4965 then it may go down till the level of 4915. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4965 to 5060.

SUPPORT:  First Nifty spot level near 4965 and Second Nifty spot level at 4915

RESISTANCE:  First Resistance near to 5060 and second near to 5100.

BANK NIFTY FUTURES

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9225 to 9780.Bank nifty futures can go down till the level of 9225 once it breaks the level of 9340. On the opposite side once breaking the level of 9600, it is expected to go upward till the level of 9780. Bank nifty will be trading between the narrow ranges of 9340 to 9600.

SUPPORT:  First Nifty spot level near 9340 and Second Nifty spot level at 9225.
RESISTANCE:  First Resistance near to 9600 and second near to 9780.

STOCK MARKET TODAY: 15 September 2011

CNX Midcap index was down about 0.31% while BSE smallcap and Midcap  indexes are also LOST at 0.37% and 0.21 % Respectively.

The BSE Sensex ended at 16,741, adding 274 points. It had earlier touched a day's high of 16,754 and a day's low of 16,387. The NSE Nifty closed at 5,012, up 72 points.

Today’s nifty top gainer were WIPRO with changes 4.04%, AXIS BANK with changes 3.70%, HCL with changes 4.14% and losers were TATA POWER with changes 2.09%.LNT changes 41.60%,CIPLA with changes 1.71%

STOCKS MARKET TRADING TIPS: 15 September 2011

BGR ENERGY

BGR ENERGY closed trading at 322. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-325.50

R2- 329.20

Support levels

S1- 317.20,

S2- 312.50

RUSHIL DÉCOR

RUSHIL DECOR closed trading at 155.10 on Tuesday. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-158.10

R2- 158.20

Support levels

S1- 152.50

S2- 150

STOCKS TO PICK : 15 September 2011

Buy BAJAJ AUTO above 1642
First target 1647
Second target 1657
Stop Loss 1633

Buy LUPIN above 483
First target 485
Second target 487
Stop loss at 479

Sell SBI below 1815
First target 1809
Second target 1802
Stop Loss 1803

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