Friday, 23 September 2011

STOCK MARKET TODAY : 26 SEPTEMBER 2011


NIFTY SPOT LEVEL: 26 SEPTEMBER 2011

Tomorrow trading is expected between the strong levels of 4750 to 4980. If the market breaches the level of 4910 on the upper side then the next resistance level will be 4980. But if nifty breaches the support level of 4825 then it may go down till the level of 4750. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4825 to 4910.

SUPPORT:  First Nifty spot level near 4825 and Second Nifty spot level at 4750

RESISTANCE:  First Resistance near to 4910 and second near to 4980.

BANK NIFTY FUTURES: 26 SEPTEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8960 to 9760. Bank nifty futures can go down till the level of 8960 once it breaks the level of 9100. On the opposite side once breaking the level of 9640, it is expected to go upward till the level of 9760. Bank nifty will be trading between the narrow ranges of 9100 to 9640.

SUPPORT:  First Nifty spot level near 9100 and Second Nifty spot level at 8960.

RESISTANCE:  First Resistance near to 9640 and second near to 9760.

STOCK MARKET REVIEW: 26 September 2011

CNX Midcap index was down about 0.65% while BSE small cap and Midcap indexes are also lost at 1.13% and 0.84 % respectively.

The BSE Sensex ended at 16162.06,down 199 points. It had earlier touched a day's high of 16,368.41 and a day's low of 16052.47. The NSE Nifty closed at 4867.75, down 55.90 points.

Today’s nifty top gainer were TATA POWER with changes 1.23%, HCL TECHNOLOGIES with changes 1.38%, GRASIM INDUSTRY with changes 1.54% and losers were HDFC with changes 2.87%. STEEL AUTHORITY changes 3.02%

STOCKS TO WATCH : 26 September 2011

BGR ENERGY

BGR ENERGY closed trading at 335.35 Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-342.60

R2- 350

Support levels

S1- 330.70

S2- 322

RUSHIL DÉCOR

RUSHIL DECOR closed trading at 162.85 on friday. Expected resistance and support levels for the scrip for the next trading session.

Resistance levels

R1-167.70

R2- 175.50

Support levels

S1- 159.00

S2- 154.50

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