STOCK MARKET TODAY : 20 SEPTEMBER 2011

NIFTY SPOT LEVEL: 20 SEPTEMBER 2011

Tomorrow trading is expected between the strong levels of 4945 to 5120. If the market breaches the level of 5075 on the upper side then the next resistance level will be 5120. But if nifty breaches the support level of 4985 then it may go down till the level of 4945. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4985 to 5075.

SUPPORT:  First Nifty spot level near 4985 and Second Nifty spot level at 4945

RESISTANCE:  First Resistance near to 5075 and second near to 5120.

BANK NIFTY FUTURES: 20 SEPTEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9300 to 9840.Bank nifty futures can go down till the level of 9300 once it breaks the level of 9425. On the opposite side once breaking the level of 9695, it is expected to go upward till the level of 9840. Bank nifty will be trading between the narrow ranges of 9425 to 9695.

SUPPORT:  First Nifty spot level near 9425 and Second Nifty spot level at 9300.

RESISTANCE:  First Resistance near to 9695 and second near to 9840.

STOCK MARKET REVIEW: 20 September 2011

CNX Midcap index was down about 0.20% while BSE smallcap and Midcap  indexes are also LOST at 0.02% and 0.29 % Respectively.

The BSE Sensex ended at 16,745, losing 188 points. It had earlier touched a day's high of 16,865 and a day's low of 16,709. It opened at 16,865. The NSE Nifty closed at 5,031, down 52 points.

Today’s nifty top gainer were MARUTI SUZUKI with changes 2.82%, ACC with changes 1.16%, HCL with changes 1.68% and losers were ICICI with changes 2.76%.SUN PHARMA changes 2.56%,LT with changes 2.96%

STOCKS TO WATCH : 20 September 2011

SUN PHARMA

SUN PHARMA closed trading AT 474.80 Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-480

R2- 486

Support levels

S1- 469

S2- 464

HPCL

HPCL closed trading at 369.25 on MONDAY. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-372

R2- 375

Support levels

S1- 365

S2- 362

STOCKS TO PICK : 20 September 2011

Sell SUNPHARMA below 470

First Target 468

Second Target 466

Stop Loss 475

Sell DLF below 201

First Target 200

Second Target 199

Stop Loss 206