Monday, 12 September 2011

STOCK MARKET TRADING TIPS AND STRATEGIES : 13 SEPTEMBER 2011


NIFTY SPOT LEVEL: 13 SEPTEMBER 2011

Tomorrow trading is expected between the strong levels of 4850 to 5020. If the market breaches the level of 4900 on the upper side then the next resistance level will be 4985. But if nifty breaches the support level of 5020then it may go down till the level of 4850. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4900 to 4985.

SUPPORT:  First Nifty spot level near 4900 and Second Nifty spot level at 4850

RESISTANCE:  First Resistance near to 4985 and second near to 5020.


BANK NIFTY FUTURES: 13 SEPTEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9600 to 9700.Bank nifty futures can go down till the level of 9600 once it breaks the level of 9230. On the opposite side once breaking the level of 9090, it is expected to go upward till the level of 9700. Bank nifty will be trading between the narrow ranges of 9230 to 9090.

SUPPORT:  First Nifty spot level near 9230 and Second Nifty spot level at 9060
RESISTANCE:  First Resistance near to 9600 and second near to 9700.

STOCK MARKET REVIEW: 13 September 2011

CNX Midcap index was down about 2.40% while BSE smallcap and Midcap  indexes are also LOST at 1.86% and 1.84 % Respectively.

The BSE SENSEX ended at 16,502, losing 365 points. It had earlier touched a day's high of 16,668 and a day's low of 16,393. It opened at 16,668. The NSE NIFTY closed at 4,942, down 117 points.

Today’s nifty top gainer were CIPLA with changes 1.41%, GRASIM INDUSTRY with changes .49%, SUN PHARMA with changes 1.51% and losers were HCL TECHNOLOGY with changes 6.98%.IDFC changes 4.96%,AXIS BANK with changes 4.69%

STOCKS TO WATCH : 13 September 2011

SUZLON ENERGY

SUZLON ENERGY has seen trading within the range of 38 to 40 on Monday. Expected levels for this script are as follow:

Resistance levels

R1-42

R2- 47

Support levels

S1- 36

S2- 32

GRASIM INDUSTRIES

GRASIM script closed trading at 2165 .Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-2186

R2- 2200
Support levels

S1- 2143

S2- 2115

STOCKS TO PICK : 13 September 2011

Sell SBI FUTURES at cmp

First Target: 1850
Second Target: 1830
Stop loss 1882.45

Buy GUJARAT FLOUROCHEMICALS above 544

First Target: 549
Second Target:556
Stop loss 537.65


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