Wednesday, 19 October 2011

STOCK MARKET TODAY 20TH OCTOBER 2011


NIFTY SPOT LEVEL: 20TH OCTOBER 2011
Tomorrow trading is expected between the strong levels of 5000-5200. 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 5035. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4950 to 5200.

SUPPORT LEVELS
S1: 5070
S2: 5035
RESISTANCE LEVELS
R1: 5170
R2: 5200

BANK NIFTY FUTURES: 20TH OCTOBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9500 to 10000. Bank nifty futures can go down till the level of 9690 once it breaks the level of 9750. On the opposite side once breaking the level of 9955, it is expected to go upward till the level of 10000. Bank nifty will be trading between the narrow ranges of 9800-10000.

SUPPORT LEVELS
S1: 9750
S2: 9690

RESISTANCE LEVELS 
R1: 9955
R2: 10000

STOCK MARKET REVIEW: 20TH OCTOBER 2011
CNX Midcap index was UP about 1.34% while BSE small cap index gained at 0.65% and Midcap gained at 1.31% respectively.

Nifty Gainers

Today’s nifty top gainer were DLF with volume and changes 918,113,245.85and 4.2 % HERO MOTOCORP with volume and changes 1,414,802,713.50and 4.1%
L&T with volume and changes 2,144,862,161.55and 3.8 %

Nifty Losers
Todays nifty top losers were SESA GOA with volume and changes 333,889,866.20and [2.0] % TATA POWER with volume and changes 229,135,625.30 and [0.1] %

The BSE Sensex ended at 17085.34 up 337.05. It had earlier touched a day's high of 17106.95 and a day's low of 16874.36. The NSE Nifty closed at 5139.15.

STOCKS TO PICK: 20TH OCTOBER 2011
BUY BIOCON ABOVE 352

First Target 354
Second Target 357
Stop Loss 360

BUY STATE BANK OF TRAVANCORE ABOVE 605.

First Target 610
Second Target 614
Stop Loss 619

Get free Stock Market Trading Tips,  Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares To pick, Stock To Watch

FREE SUBSCRIPTION

0 comments:

 
Real Time Analytics