Saturday, 1 October 2011

STOCK MARKET TODAY : 3RD OCTOBER 2011


NIFTY SPOT LEVEL: 3RD OCTOBER 2011

Tomorrow trading is expected between the strong levels of 4830 to 5035. If the market breaches the level of 4985 on the upper side then the next resistance level will be 5035. But if nifty breaches the support level of 4895 then it may go down till the level of 4830. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4895 to 4985.

SUPPORT LEVELS
S1:4895 
S2:4830

RESISTANCE LEVELS
R1:4985
R2:5035

BANK NIFTY FUTURES: 1ST OCTOBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9150 to 9765. Bank nifty futures can go down till the level of 9150 once it breaks the level of 9320. On the opposite side once breaking the level of 9615, it is expected to go upward till the level of 9765. Bank nifty will be trading between the narrow ranges of 9320 to 9615.

SUPPORT LEVELS
S1:9320  
S2:9150

RESISTANCE LEVELS 
R1:9615 
R2:9765

STOCK MARKET REVIEW: 1ST OCTIBER 2011

CNX Midcap index was down about 0.35% while BSE small cap and Midcap indexes are also lost at 0.88% and 0.58 % respectively.

Nifty Gainers

Today’s nifty top gainer were NTPC opened at 167.50 , made a high of 169.00, Day low  was 164.65, with changes 0.51%, ACC opened at 1,086.00, made a high of 1,105.00 and Day low was 1,086.00 with changes 0.76 %, BHARTI AIRTEL opened at 376.85, made a high of 388.50  and Day low was 371.75 , with changes 0.83%

Nifty Losers

Losers were GAIL opened at 426.50, made a high of and low of 428.00 and Day low was 409.10 with changes -3.93%. AXIS BANK opened at 1,062.20  made a high of 1,063.00 and Day Low was 1,010.60 with changes -3.67%, RPOWER opened at 78.10 made high of 78.25, Day low 75.10 was with changes 3.63%

The BSE Sensex ended at 16453.76 down 244.31 points. It had earlier touched a day's high of 16,745 and a day's low of 16405. The NSE Nifty closed at 4943.25.


STOCKS TO WATCH : 1ST OCTOBER 2011

RCOM

RCOM closed trading at 67. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels
R1-69.5
R2- 71.50

Support levels
S1- 63
S2- 61.50

APPOLO TYRES

APPOLO TYRES closed trading at 55.35. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels
R1-56.50
R2- 57.15

Support levels
S1- 54.80
S2- 53.90

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