Monday, 31 October 2011

STOCK MARKET TODAY 1ST NOVEMBER 2011

NIFTY SPOT LEVEL: 1ST NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 5250-5400. If the market breaches the level of 5360 on the upper side then the next resistance level will be 5420. But if nifty breaches the support level of 5270 then it may go down till the level of 5200. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5250-5350.

SUPPORT LEVELS
Support 1: 5270
Support 2: 5200

RESISTANCE LEVELS
Resistance 1: 5360
Resistance 2: 5420

BANK NIFTY FUTURES: 1ST NOVEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9800 to 10100. Bank nifty futures can go down till the level of 9750 once it breaks the level of 9840. On the opposite side once breaking the level of 10120, it is expected to go upward till the level of 10300. Bank nifty will be trading between the narrow ranges of 9800-10100.

SUPPORT LEVELS
Support 1: 9840
Support 2: 9750

RESISTANCE LEVELS 
Resistance  1: 10120
Resistance  2: 10300

STOCK MARKET REVIEW: 1ST OCTOBER 2011

CNX Midcap index was Up about 0.38% while BSE small cap index gained at 0.21% and Midcap gained at 0.37% respectively.

Nifty Gainers
Today’s nifty top gainer were HUL with volume and changes 1,217,795,901.10and 7.1 % HDFC BANK with volume and changes 2,179,387,991.00and 1.5% PNB with volume and changes 168,937,198.90and 1.4 %

Nifty Losers
Todays nifty top losers were HINDALCO with volume and changes 4,482,235,613.15and [4.5] % STERLITE with volume and changes 1,907,900,722.80and [4.1] % TATA MOTOR with volume and changes 3,658,773,095.10and [4.0] %.

 The BSE Sensex ended at 17705.01 down 99.79. It had earlier touched a day's high of 17813.11 and a day's low of 17668.27. The NSE Nifty closed at 5326.60.


STOCKS TO PICK: 1st NOVEMBER 2011
BUY BATA INDIA ABOVE 730

First Target 738
Second Target 748
Stop Loss 760

BUY RAJESH EXPORTS ABOVE 152.

First Target 153.50
Second Target 155
Stop Loss 158


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