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

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