Monday, 26 September 2011

STOCK MARKET TODAY : 27 SEPTEMBER 2011


NIFTY SPOT LEVEL: 27 SEPTEMBER 2011

Tomorrow trading is expected between the strong levels of 4720 to 4965. If the market breaches the level of 4900 on the upper side then the next resistance level will be 4965. But if nifty breaches the support level of 4785 then it may go down till the level of 4720. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4785 to 4900.

SUPPORT:  First Nifty spot level near 4785 and Second Nifty spot level at 4720

RESISTANCE:  First Resistance near to 4900 and second near to 4965.

BANK NIFTY FUTURES: 27 SEPTEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8995 to 9775. Bank nifty futures can go down till the level of 8995 once it breaks the level of 9150. On the opposite side once breaking the level of 9620, it is expected to go upward till the level of 9775. Bank nifty will be trading between the narrow ranges of 9150 to 9620.

SUPPORT:  First Nifty spot level near 9150 and Second Nifty spot level at 8995.

RESISTANCE:  First Resistance near to 9620 and second near to 9775.

STOCK MARKET REVIEW: 27 September 2011

CNX Midcap index was down about 1.58% while BSE small cap and Midcap indexes are also lost at 1.67% and 1.47 % respectively.

The BSE Sensex ended at 16051.10 down 110.95 points. It had earlier touched a day's high of 16209.19 and a day's low of 15801.01. The NSE Nifty closed at 4835.40, down 32.35 points.

Today’s nifty top gainer were ICICI with changes 1.69%, AMBUJA CEMENT with changes 1.66%, DLF with changes 2.00% and losers were HERO MOTOCORP with changes 2.97%. SESA GOA changes 3.81%

STOCKS TO WATCH : 27 September 2011

TCS

TCS closed trading at 998.50. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-1009

R2- 1015

Support levels

S1- 978

S2- 965.50

RUSHIL DÉCOR

RUSHIL DECOR closed trading at 185.10 on Monday as expected. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-194.50

R2- 201.50

Support levels

S1- 174

S2- 165.50

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