STOCK MARKET TODAY 1ST NOVEMBER 2011

NIFTY SPOT LEVEL: 1^ST 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: 1^ST 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: 1^ST 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: 1^st 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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