NIFTY SPOT LEVEL: 22 SEPTEMBER 2011
Tomorrow trading is expected between the strong levels of 5050 to 5235. If the market breaches the level of 5180 on the upper side then the next resistance level will be 5235. But if nifty breaches the support level of 5100 then it may go down till the level of 5050. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5100 to 5180.
SUPPORT: First Nifty spot level near 5100 and Second Nifty spot level at 5050
RESISTANCE: First Resistance near to 5180 and second near to 5235.
BANK NIFTY FUTURES: 22 SEPTEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9640 to 10180. Bank nifty futures can go down till the level of 9640 once it breaks the level of 9780. On the opposite side once breaking the level of 10030, it is expected to go upward till the level of 10180. Bank nifty will be trading between the narrow ranges of 9780 to 10030.
SUPPORT: First Nifty spot level near 9780 and Second Nifty spot level at 9640.
RESISTANCE: First Resistance near to 10030 and second near to 10180.
STOCK MARKET REVIEW: 22 September 2011
CNX Midcap index was up about 1.03% while BSE smallcap and Midcap indexes are also gained at 0.71% and 0.73 % Respectively.
The 50-share NSE Nifty fell 6.95 points, to close at 5,133.25 and the 30-share BSE Sensex dropped 34.13 points, to end at 17,065.15
Today’s nifty top gainer were STEEL AUTHORITY with changes 1.75%, JAIPRAKASH ASSOCIAT with changes 1.93%, ICICI with changes 2.14% and losers were HERO MOTOCORP with changes 3.24%. RELIANCE INDUS changes 1.67.
STOCKS TO WATCH : 22 September 2011
TATA MOTORS
TATA MOTORS closed trading AT 164.85 Expected resistance and support levels for the scrip for the next trading session are:
Resistance levels
R1-167
R2- 170
Support levels
S1- 162
S2- 159
STERLITE INDS
SRELITE INDUSTRIES closed trading at 134.10. Expected resistance and support levels for the scrip for the next trading session are:
Resistance levels
R1-137
R2- 140
Support levels
S1- 132
S2- 129
STOCKS TO PICK : 22 September 2011
Buy FINTECH FUTURES above 907
First target 913
Second Target 922
Stop loss 898.45
Buy GRAVITA INDIA above 428
First Target 435
Second target 442
Stop Loss 421.45
Buy TITAN FUTURES at cmp
First Target 237
Second Target 240
Stop loss 231.85
Get free Stock Market Trading Tips, Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares To pick, Stock To Watch
FREE SUBSCRIPTION
FREE SUBSCRIPTION
0 comments:
Post a Comment