Tuesday, 18 October 2011

STOCK MARKET TODAY 19TH OCTOBER 2011


NIFTY SPOT LEVEL: 19TH OCTOBER 2011
Tomorrow trading is expected between the strong levels of 4950-5050. If the market breaches the level of 5170 on the upper side then the next resistance level will be 5140. But if nifty breaches the support level of 4970 then it may go down till the level of 4920. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4950 to 5050.

SUPPORT LEVELS
S1: 4970
S2: 4920
RESISTANCE LEVELS
R1: 5070
R2: 5140

BANK NIFTY FUTURES: 19TH OCTOBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9450 to 9800. Bank nifty futures can go down till the level of 9270 once it breaks the level of 9420. On the opposite side once breaking the level of 9690, it is expected to go upward till the level of 9750. Bank nifty will be trading between the narrow ranges of 9500 to 9680.

SUPPORT LEVELS
S1: 9420
S2: 9270

RESISTANCE LEVELS 
S1: 9690
S2: 9750

STOCK MARKET REVIEW: 19TH OCTOBER 2011
CNX Midcap index was down about 1.26% while BSE small cap index lost at 0.96% and Midcap lost at 1.20% respectively.

Nifty Gainers
Today’s nifty top gainer were COAL INDIA with volume and changes 2,027,944,426.45and 2.8 %BPCL with volume and changes 251,900,123.90and 1.5% RANBAXY with volume and changes 122,271,008.65and 1.1 %

Nifty Losers
HCL TECH with volume and changes 483,474,773.10and [8.7] % TCS with volume and changes 2,458,659,388.25 and [7.7] % HINDALCO with volume and changes 1,330,981,257.15and [3.7] %
The BSE Sensex ended at 16767.03 down 258.03 points. It had earlier touched a day's high of 16824.55 and a day's low of 16669.04. The NSE Nifty closed at 5047.95.

STOCKS TO PICK : 19TH OCTOBER 2011
BUY HDFC BANK ABOVE 481.50

First Target 483.50
Second Target 486
Stop Loss 489

BUY INDRAPRASTHA GAS ABOVE 395.75
First Target 398
Second Target 401.50
Stop Loss 405

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