Monday, 17 October 2011

STOCK MARKET TODAY : 18TH OCTOBER 2011

NIFTY SPOT LEVEL: 18TH OCTOBER 2011
Tomorrow trading is expected between the strong levels of 5070 to 5150. If the market breaches the level of 5170 on the upper side then the next resistance level will be 5200. But if nifty breaches the support level of 5070 then it may go down till the level of 5020. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5000 to 5180.

SUPPORT LEVELS
S1: 5070
S2: 5020
RESISTANCE LEVELS
R1: 5170
R2: 5200

BANK NIFTY FUTURES: 18TH OCTOBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9600 to 9760. Bank nifty futures can go down till the level of 9270 once it breaks the level of 9450. On the opposite side once breaking the level of 9760, it is expected to go upward till the level of 9980. Bank nifty will be trading between the narrow ranges of 9450 to 9800.

SUPPORT LEVELS
S1: 9450
S2: 9270

RESISTANCE LEVELS 
S1: 9760
S2: 9980

STOCK MARKET REVIEW: 17tH OCTOBER 2011
CNX Midcap index was down about 0.04% while BSE small cap index gained at 0.20% and Midcap lost at 0.97 respectively.

Nifty Gainers
Today’s nifty top gainer were TATAMOTORS with volume and changes 241, 31,153 and 4.50 % CAIRN INDIA with volume and changes 13330.33 and 3.7% AMBUJA CEM with volume and changes 9,625,866and 2.5 %

Nifty Losers
Today’s nifty top Losers were RELIANCE with volume and changes 24,140,815and [3.8] % BPCL with volume and changes 10,238,349 and [3.5] % NTPC with volume and changes 9,625,866and [2.7] %.

The BSE Sensex ended at 17031.54 down 51.51 points. It had earlier touched a day's high of 17188.55 and a day's low of 16928.38. The NSE Nifty closed at 5118.25.

STOCKS TO PICK : 18TH OCTOBER 2011

BUY TCS ABOVE 1128
 First Target 1132
Second Target 1137
Stop Loss 1142

BUY TATA MOTORS ABOVE 193
First Target 194.50
Second Target 196
Stop Loss 199

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